Cronin Corp. has preferred stock that just paid an annual dividend of $5. It will continue to pay $5 each year into perpetuity. Their preferred stock has a par value of $80, but is currently selling for $100. The cost of Cronin's preferred stock is and the most money a preferred shareholder would ever be able to get in the case of the firm's bankruptcy (liquidation) at some future time is 6.25%; $100 O 5.00%; $100 6.25%; $80 O 5.00%; $80 1 pts None of the above are correct