Cost of preferred stock Determine the cost for the following preferred stock. $($Click on the icon located on the top$-$right corner of the data table below in order to copy its contents into a spreadsheet.$)$

$\backslash$table$[[$Par value,Sale price,Flotation cost,Annual dividend$],[$$$50\mathrm{.}00,$$$50\mathrm{.}50,$$$4\mathrm{.}00,9\%$