Homework: HW_8 (Based on Chapter 9) Score: 0 of 1 pt 4 of 10 (2 completo) P9-7 (similar to) Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has a 12% annual dividend and a $120 par value and was sold at $114.00 per share. In addition, flotation costs of S The cost of the preferred stock (Round to two decimal places) sed on Chapter 9) HW Score: 1.43%, 0.14 0 4 of 10 (2 completo) Question Hot que pretened stock. The stock has a 12% annua dividend and a $120 par value and was sold at $114,00 per share. In addition, flotation costs of 0.60 per share were paid Calculate the cost of the preferred sock wodem places