A will cannot be amended by merely striking out existing provisions and adding new ones

According to innovation expert Clayton Christensen, an organization's capabilities define its disabilities

Indicate whether the statement is true or false

Tangshan Mining is considering issuing preferred stock. The preferred stock would have a par value of $75 and a 5.50 percent dividend. What is the cost of preferred stock for Tangshan if flotation costs would amount to 5.5 percent of par value?

A) 5.50% B) 5.27% C) 7.73% D) 5.82%