14. Which one of the following represents the best estimate for a firm's pre-tax cost of debt? a. average coupon rate on the firm's outstanding bonds b. coupon rate on the firm's latest bond issue (9. weighted average yield-to-maturity on the firm's outstanding debt d. current yield on the firm's outstanding debt e. annual interest divided by the market price per bond for the latest bond issue 16. Deltronics just paid its first annual dividend of $.20 a share. The firm plans to increase the dividend by 4 percent per year indefinitely. What is the firm's cost of equity if the current stock price is $11 a share? A. 5.82 percent (b) 5.89 percent e. 6.33 percent d. 6.48 percent .20(1+.04 e. 6.54 percent