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QUESTION 2 0.25 points Save Answer Bosio Inc.'s perpetual preferred stock sells for $85.00 per share, and it pays an $8.50 annual dividend. If the

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QUESTION 2 0.25 points Save Answer Bosio Inc.'s perpetual preferred stock sells for $85.00 per share, and it pays an $8.50 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 4.00% of the price paid by investors. What is the company's cost of preferred stock for use in calculating the WACC? 0 A, 8.75% OB, 12.81% C. 1 1 .35% D. 8.44% OE. 10.42%

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