Peaceful Book Binding Company has preferred stock that pays a dividend of $6 per share and sells for $100 per share. It is considering Issuing new shares of preferred stock. These new shares incur an underwriting (or flotation) cost of 2.7% How much will Peaceful Book Binding Company pay per have to the underwriter? O $2.70 per share $97.30 per share $2.97 per share $87 57 per share Based on this information, what is peaceful Book Binding Company's cost of preferred stock capital? 6.79 6.17 5.55