Problem 6 Intro Four Seasons has preferred stock outstanding that promises to pay a quarterly dividend of $0.86 every quarter forever. The stock currently trades for $25.6. Attempt 1/5 for 5 pts. Part 1 What is the annualized cost of preferred stock? B+ decimals Submit Problem 7 Intro Jackson Holding has just paid an annual dividend of $0.45 per share. Analysts expect the firm's dividends to grow by 8% forever. Its stock price is $34.5. 1 B Attempt 1/5 for 5 pts. Part 1 What is the cost of equity? 4+ decimals Submit