Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has a 12% annual dividend and a $120 par value preferred stock The cost of the preferred stock is % (Round to two decimal places.) mas just issued preferred stock The stock has a 12% annual dividend and a $120 par value and was sold at $117.60 per share. In addition, Hotason costs of 59.60 per share were pale mound to two decimal places) end and a $120 par value and was sold at $117.60 per share. In addition, flotation costs of 59 60 per share were paid Calculate the cost of the