Q2

Ly Moving to another question will save this response. Question 2 of 10 > Question 2 1 points Save Answer The market price of the firm's preferred stock is si 16.00. The preferred pays a i21% annual dividend on its S100 par value. Floatation costs are $4 per share. What is the cost of preferred equity when floatation costs are accounted for? oa. 10.4 % b, 10.6 % O c. 10.8% od, 11.0% e. 11.2%