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3. XTerra Adventures Enterprises plans to raise new financial capital by issuing a $100 par, 4%, convertible preferred stock. If a similar preferred stock is

3. XTerra Adventures Enterprises plans to raise new financial capital by issuing a $100 par, 4%, convertible preferred stock. If a similar preferred stock is currently trading at $30 per share, what is the firm's estimated cost of preferred stock capital? 

4. HTL Hospitality Services' outstanding debt has a yield to maturity of 7%. The firm's tax rate is 30%. What is HTL's effective cost of debt ?

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