Which of the following statement is correct? Multiple Choice 51 The cost of preferred stock is highly dependent on the dividend growth rate The cost of preferred stock decreases when tax rates increase. The cost of preferred stock is independent of the stock's price. The cost of preferred stock is equal to the yie'd to moturity The cost of preferred stock is highly dependent on the dividend growth rate. The cost of preferred stock decreases when tax rates increase The cost of preferred stock is independent of the stock's price. The cost of preferred stock is equal to the yield to maturity The cost of preferred stock is equal to the dividend yield