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Cronin Corp. has preferred stock that just paid an annual dividend of $4. It will continue to pay $4 each year into perpetuity. Their preferred

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Cronin Corp. has preferred stock that just paid an annual dividend of $4. It will continue to pay $4 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 O 100%; $100 O 5.00%; $100 O 1.00%; $80 O 5.00%; $80 O Nono of the above aro correct

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