Solution Stock A Par value Sale price Flotation cost Annual dividend Dividend payment Proceed from sale Cost of preferred stock \begin{tabular}{|lr|} \hline$ & 100 \\ \hline$ & 101 \\ \hline$ & 9.00 \\ \hline & 11% \\ \hline$ & 11.00 \\ \hline \\ \hline \end{tabular} Stock B Par value Sale price Flotation cost Annual dividend Dividend payment Proceed from sale Cost of preferred stock \begin{tabular}{|lr|} \hline S & 40 \\ \hline $ & 38 \\ \hline $ & 3.50 \\ \hline & 8% \\ \hline & \\ \hline \\ \hline & \\ \hline \end{tabular} Stock C Par value Sale price Flotation cost Annual dividend Proceed from sale Cost of preferred stock \begin{tabular}{|lr|} \hline$ & 35 \\ \hline $ & 37 \\ \hline $ & 4.00 \\ \hline $ & 5.00 \\ \hline & \\ \hline & \\ \hline \end{tabular}