Question Completion Status: A Moving to another question will save this response. Question 19 of 30 > Save Answer Question 19 10 points A company's perpetual preferred stock currently sells for $110.00 per share, and it pays an $8.00 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 3.50% of the issue price. What is the firm's cost of preferred stock? 6.44% a. 8.22% b. 7.54% C d. 5.24% Question 19 of 30 > A Moving to another question will save this response. SR MacBook Pro NIDAD