3. The cost of preferred stock Blue Panda has preferred stock that pays a dividend of $10.00 per share and sells for $100 per share. It is considering Issulng new shares of preferred stock. These new shares incur an underwriting (or flotation) cost of 2.50%. How much will Blue Panda pay to the underwriter on a per-share basis? $2.50 $2.75 $97.50 $87.75 Fues? After it pays its underwriter, how much will Blue Panda receive from each share of preferred stock that $2.75 $2.13 $2.50 $87.75 $97.50 Based on this information, Blue Panda's cost of preferred stock is