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The firm has determined it can issue preferred stock at 584 per share par value. The stock will pay a 513.5 annual dividend. The cost

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The firm has determined it can issue preferred stock at 584 per share par value. The stock will pay a 513.5 annual dividend. The cost of issuing and selling the stock is 53.9 per share. What is the cost for the new issue of preferred stock? Enfer you answer as a percentage with 1 decimal space, but do NOT enter the 96 sign. Example: answer is 25.296, please enter as 25.2 and do NOT enter.252

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