Question 1 1 pts Bosio Inc.'s perpetual preferred stock sells for $75 per share, and it pays an $7.80 annual dividend. What is the company's cost of preferred stock for use in calculating the WACC? \begin{tabular}{l} \hline 8.00% \\ \hline 9.18% \\ \hline 9.62% \\ \hline 7.44% \\ \hline 10.4% \end{tabular}