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Bosio Inc.'s perpetual preferred stock sells for $135.00 per share, and it pays a $10.00 annual dividend. If the company were to sell a new

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Bosio Inc.'s perpetual preferred stock sells for $135.00 per share, and it pays a $10.00 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 4.00% of the price paid by investors. What is the company's cost of preferred stock for use in calculating the WACC? 2.7.12 b.7.72 7419 old.8.32 @ 1141

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