Kyle is raising funds for his company by selling prere of 9.7%. The stock is selling for $50.81 in the market. Kyle hires V charges a fee of 3% on the sale of preferred stock. What is the cc (put in percentage, for example, if 10.12% then put 10.12) y selling preferred stock. The preferred stock has a par value of $83 and a dividend rate 1 in the market. Kyle hires Wilson Investment Bankers to sell the preferred stock. Wilson eferred stock. What is the cost of preferred stock for Kyle using the investment banker?? 0.12% then put 10.12) Project