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Posted: **Wed Jul 06, 2022 6:41 pm**

: Kingston Inc S Perpetual Preferred Stock Sells For 272 00 Per Share And It Pays An 37 40 Annual Dividend If The Com 1 (20.41 KiB) Viewed 21 times

: Kingston Inc S Perpetual Preferred Stock Sells For 272 00 Per Share And It Pays An 37 40 Annual Dividend If The Com 2 (33.17 KiB) Viewed 21 times

Kingston Inc.'s perpetual preferred stock sells for $272.00 per share, and it pays an $37.40 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 8.50% of the price paid by investors. What is the company's cost of preferred stock including flotation? 13.75% 14.72% 16.60%

13.75% 14.72% 16.60% O 15.03% 12.58%