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If a firm pays a $5.50 dividend on preferred stock selling for $62.00 and paid a 3% flotation rate, what is the return to the

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If a firm pays a $5.50 dividend on preferred stock selling for $62.00 and paid a 3% flotation rate, what is the return to the investor (Kps) and the cost of the preferred stock to the company? xxxreturn: 8.87% cost: 9.15% OA return: 9.15% cost: 8.87% B. C. return: 2.97% cost: 8.87% return: 8.87% cost: 8.87% return: 8.87% cost: 2.97%

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