a Cost of preferred stock. Kyle is raising funds for his company by selling preferred stock. The proferred stock has a par value of $100 and a dividend rate of 6.0% The stock is selling for 580.00 in the market . Kylo hires Wilson Investment Bankers to sell the preferred stock Wilson charges a fee of 3% on the sale of preferred stock. What is the cost of preferred stock for Kyle using the investment banker? What is the cost of preferred stock for Kyle using the investment banker? D% (Round to two decimal place) d