2 Class Company A, is issuing Preferred Stock at $20, with a floatation cost of $1.00 Its paying Preferred Dividends of $1.50. Calculate for the Cost of Preferred Stock as a % and $ value. FIN 302-11 10 pts 4 1.) Cost of Preferred Stock Data Pref Div / Pref Price/(1- Float) Preferred Stock Price (P) Net Stock Price (Pent) S 20.00 Floatation Cost $ Floatation % (f) Preferred Dividend (Dps) Cost of Preferred stock % (Rps) 1.00 5% 1.50 10 12 Cost of Preferred stock $S