Question: Question 5 (1 point) Bob's Stuff, Inc has preferred stock with a stated dividend of $1.97, which currently trading at $25.00 per share, and Bob

Question 5 (1 point) Bob's Stuff, Inc has preferred stock with a stated dividend of $1.97, which currently trading at $25.00 per share, and Bob believes that the company can issue additional shares at that price, but with flotation costs at 7% of the selling price. What is Bob's cost of preferred stock? (Answer in decimal form to 4 places. Do not use a percent sign, i.e 0.9999). Your

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