5 pts Question 13 A firm can issue preferred stock that has a $50 par value and pays a 15.0% annual dividend each year. The firm's investment bankers believe that investors will be willing to pay $62.50 per share and that flotation costs will be equal to $5.75 per share. Given this information, determine the difference between the investor's required rate of return, and the firm's cost of preferred stock. O 1.135% O 1.398% 0 1.216% O 1.011% O 1.44496 sts