A company's perpetual preferred stock currently sells for $$102$ per share, and it pays an $$8\mathrm{.}50$ annual dividend. If the company were to sell a new preferred issue, what is the firm's cost of preferred stock?

Question $1$ options:

$8\mathrm{.}33\%$

$9\mathrm{.}28\%$

$6\mathrm{.}90\%$

$9\mathrm{.}53\%$