Ud Will Save this response. Question 7 The firm issued a preferred stock with the par value at $8.90. with annual dividends of $0.80. The firm paid $0.70 flotation cost of the rad to 10% 8.99% 9,76% 0.70% Question 7 of 22 1 points Save Answer BO. The firm paid $0.70 flotation cost of the par) to sell it. What's the rate of return (for an investor) on preferred stocks