Calculate the cost of preferred stock from the information given below: Annual dividend on preferred stock $ 13.50 Price 110.00 Flotation cost 6.00…

Calculate the cost of preferred stock from the information given below:

Annual dividend on preferred stock

$ 13.50

Price

110.00

Flotation cost

6.00​

  • ​12.98%
  • ​12.27%
  • ​5.45%
  • ​17.73%

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