Determine the cost for each of the following preferred stocks
Preferred Stock			Par value			Sale price			Flotation cost			Annual dividend
A			$100			$103			$9			10%
B			$40			$36			$4			7%
C			$35			$38			$4			$6
D			$30			$25			5%			$4
E			$20			$20			$2.50			8%

Group of answer choices

Cost of preferred stock

A - 12%

B - 9.3%

C - 15.2%

D - 12.2%

E - 10.3%

Cost of preferred stock

A - 2%

B - 4.3%

C - 5.2%

D - 2.2%

E - 4.3%

Cost of preferred stock

A - 10.6%

B - 8.6%

C - 17.6%

D - 16.8%

E - 9.1%

Cost of preferred stock

A - 15%

B - 13.3%

C - 4.2%

D - 7.2%

E - 4.3%