Unless otherwise instructed, use two (2) decimal places for both percentages and dollar amounts. This is enforced, like in Connect. If you need to enter units, use % for percentages, $ for dollar amounts, x for times and years for years. Question 5 (4 points) Preferred stock sells for $55.00 per share and pays an annual dividend of 9.0 percent on a par value of $100.00. If the flotation cost is 7.0 percent, new preferred stock costs the firm: Your Answer: Answer units Previous Page Next Page Page 5 of 25