Continental Providers will be issuing new preferred stock worth $3 million. They plan on paying a dividend of $2.75 per share. Each share has a market price of $42. What is the cost of their preferred stock? R = D/P, a) 492% Ob) 19.65% Od 6.55% d) 15.27% Harvester Inc. is issuing new preferred stock. They plan on paying a dividend of $4.40 per share. Each share has a market price of $125. The investment banker they are working with will charge flotation costs of $3 per share. What is the cost of the preferred stock? Rs = D/P, D a) 3.52% b) 3.61% c) 1.12% d) 4.21%