Cold Duck Brewing Company has preferred stock that pays a dividend of $6 per share and sells for $100 per share. It is considering issuing new shares of preferred stock. These new shares incur an underwriting (or flotation) cost of 1.3%. How much will Cold Duck Brewing Company pay per share to the underwriter? Based on this information, what is Cold Duck Brewing Company's cost of preferred stock capital? $1.30 $98.70 $88.83 $1.43 4.86% 5.47% 6.69% 6.08% Companies should not make tax adjustments when calculating the after-tax) cost of preferred stock because preferred dividends are not tax deductible, so the company bears their full cost