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DEF Company also has preferred stock outstanding that pays a $1.95 per share fixed dividend. If this stock is currently priced at $25.5 per share,

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DEF Company also has preferred stock outstanding that pays a $1.95 per share fixed dividend. If this stock is currently priced at $25.5 per share, what is DEF Company's cost of preferred stock? Enter your answer as a percentage and rounded to 2 DECIMAL. PLACES. Do not include a percent sign in your answer. Enteryour response below. Click "Verity" to proceed to the next part of the

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