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QUESTION 3 8 points Save Answer Sally Corporation will issue new preferred stock to finance an expansion. The existing preferred stock pays a dividend of 16.6% on a $50 per value The stock sells for $66. Flotation is estimated to be 5.0% of the stock price. What is the cost of preferred stock for Salty Corp? D-7.80 Flotation 0.05 NP "po= 12.63% QUESTION 4 8 points Save Anwer General Bil's will issue preferred stock to finance a new artilery line. The firm's existing preferred stock pays a dividend of 40% on S100 par value per share and is selling for $32 per share. Investment bankers have advised General Bill that flotations on the new preferred se would be 3.5% of the selling price. What is the cost of preferred stock? D Flotation NP- kps