A companys preferred stock currently sells for $123.45 per share, and it pays an $3.50 annual dividend. What is the cost of preferred stock?

	a.	3.75%
	b.	4.00%
	c.	3.59%
	d.	2.84%
	e.	2.43%

Question 6 A company's preferred stock currently sells for $123.45 per share, and it pays an $3.50 annual dividend. What is the cost of preferred stock? a. 3.75% O b. 4.00% O c. 3.59% O d. 2.84% O e. 2.43%