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A company's balance sheets show a total of $30 million long-term debt with a coupon rate of 9 percent that matures in 30 years and

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A company's balance sheets show a total of $30 million long-term debt with a coupon rate of 9 percent that matures in 30 years and market price of 850 dollar The and the debt has a total current market value of $25 million. The balance sheets also show that that the company has 10 million shares of stock. The current stock price is $10 per share. risk free is 0.08 market return is 0.14 and beta is 1.125,. The company has 2 million shares of preferred stock with market price33 dollars and dividends of 0.08 of 90 dollar par taxes are 40% what is the ytme what is the cost of common stock what is the cost of preferred stock

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