ezto.mheduc opportunities in MA & R Employee Tra Job Tran Homework Maroon 5 Suga Connect Business Finance: Fall 2016 online FINANCE Homework 11 Question 23 (of 28) 23 2.50 points Holdup Bank has an issue of preferred stock with a $6.15 stated dividend that just sold for $98 per share. What is the bank's cost of preferred stock? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16) Cost of preferred stock References eBook & Resources Learning Objective: 14-01 How to determine a Worksheet firms cost of equity capital. Difficulty: Basic Section: 14.3 The Costs of Debt and Preferred Stock scientific calculator Google Search Cara Francis instructions help Save & Exit submit