ssignment: Module 5 Homework ssignment Sco Save Submit Assignment for G e Question 2 o Check My Work (3 remaini Questions Problem 10.02 O Click here to read the eBook: Cost of Preferred Stock, r COST OF PREFERRED STOCK Torch Industries can issue perpetual preferred stock at a price of $67.50 a share. The Ostock would pay a constant annual dividend of $7.00 a share. What is the company's cos o of preferred stock, rp? Round your answer to two decimal places 10. 12. 14. 15. 16. Check My Work (3 remaining) 888,4 4