The preferred stock of ISO, Inc., pays an annual dividend of $6.50 a share and sells for $48 a share. What is ISO's cost of preferred stock? O 3.12 percent O 13.54 percent O 7.38 percent O 9.19 percent O 9.46 percent

The preferred stock of ISO, Inc, pays an annual dividend of $6.50 a share and sells for $48 a share. What is ISO's cost of preferred stock? 3.12 percent 13.54 percent 7.38 percent 9.19 percent 9.46 percent