The Saunders Investment Bank has the following preferred stock. Preferred stock: 230,000 shares - 8 percent interest rate - A current price: $70 - A par value: $100 What is the cost of preferred stock for the company? Be sure to show what values you put into your calculator or the equations you used - just a numerical answer, even if correct, will not receive full credit. app.honorlock.com est compartiendo tu pantalla