Cost of preferred stock.  Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of ​$80 and a dividend rate of 6.9 ​%. The stock is selling for ​$50.39 in the market. Kyle hires Wilson Investment Bankers to sell the preferred stock. Wilson charges a fee of 3 ​% on the sale of preferred stock. What is the cost of preferred stock for Kyle using the investment​ banker?

Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.