What is the BearKat Autos cost of preferred stock (rounded to two decimal places)? (Instructor Hint and walkthrough: Cost of preferred stock... You will need to find out the dividend on preferred stock, and the price of preferred stock from the questions. Pay attention to this sentence: The preferred stock sells for $123 and pays an annual dividend of $25. Then you will need to divide dividend by price of preferred stock. Here is the formula you use: rp = Dp/Pp . hmm, not that hard, right? )

	A.	20.33%
	B.	4.92%
	C.	15.75%
	D.	10%