11. A bond with a coupon rate of 6.5% (assume it is paid once annually), maturing in 10 years at a value of $1,000 and a current market price of $695, will have a current yield of 11.3%. 10.2%. 9.4%. 8.5%. 18. Preferred stock is often sold by companies? a. wanting to balance their capital structures. b. that have a large amount of debt relative to equity. c. looking for the taxable advantages of preferred dividends over common stock dividends. d. that have a large amount of debt relative to equity and that want to balance their capital structures. 24. Buggy Whip Manufacturing Company is issuing preferred stock yielding 19%. Selten Corporation is considering buying the stock. Buggy's tax rate is 0% due to continuing heavy tax losses, and Selten's tax rate is 44%. What is the after-tax preferred yield for Selten? (Round your answer to 2 decimal places.) 18.59 16.49 17.64 14.99 25. An individual investing in preferred stock receiving a before-tax preferred yield of 6.75% and having a tax rate of 25% would receive an after-tax preferred yield of _____. Assume the tax rate on dividends is 15%. 6.75% 5.1% 5.7% 6.1%