1.Walter Corp.'s outstanding bonds have a 5.8% coupon, 5 years left until maturity, and are currently priced at $974.67.The firm's marginal tax rate is 34%.Walter's after-tax cost of debt is ____%.Round yourfinalanswer to 2 decimal places (example: enter 12.34 for 12.34%), butdo not round any intermediate work in the process. {And, donotconvert to effective annual yield.}

NOTE: You should assume, as we usually have by default, that the coupon payments occur semiannually.

2.Skyler Industries's preferred stock currently sells for $39 per share.The stock pays an annual dividend of $3 per share.The cost of preferred stock, Rp, is ____%.Round yourfinalanswer to 2 decimal places (example: enter 12.34 for 12.34%), butdo not round any intermediate work in the process.[Note: Correct answer feedback may show more than 2 decimal places, but you should still follow instructions above for entering your answers.]

3.Hank Corp.'s common stock currently sells for $24 per share.The most recent dividend (Do) was $2.36, and the expected growth rate in dividends per year is 6%.The cost of common equity, Re, is ____%.Round yourfinalanswer to 2 decimal places (example: enter 12.34 for 12.34%), butdo not round any intermediate work in the process.