Cost of preferred stock Determine the cost for the following preferred stock. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Par value $100.00 Sale price $95.00 The cost of preferred stock is ... Flotation cost $6.00 Annual dividend 10% %. (Round to two decimal places.)

Cost of preferred stock Determine the cost for the following preferred stock. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) The cost of preferred stock is %. (Round to two decimal places.)