MINDTAP Q Search the amework Problems ent: Chapter 10 Homework Problems Assignment Score: 0.00% Save Submit Assignment for Grading ns Problem 10.02 (Cost of Preferred Stock) Question 2 of 7 Check My Work (1 remaining) eBook Torch Industries can issue perpetual preferred stock at a price of $63.00 a share. The stock would pay a constant annual dividend of $5.50 a share. What is the company's cost of preferred stock, ro7 Round your answer to two decimal places. 90 Icon Problem 10,02 Cost or Preferred Stock) Submergument for Grading w