A firm is paying an annual dividend of $4.00 for its preferred stock which is selling for $68.00. There is a selling cost of $3.00. What is the after-tax cost of preferred stock if the firm's tax rate is 33%? (Round your answer to 2 decimal places.) Multiple Choice 6.15% 4.80% 8.30% 760% Tobin's Barbeque has a bank loan at 10% interest and an after-tax cost of debt of 4%. What will the after-tax cost of debt be when the loan is due if a new loan is taken out yielding 14%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Multiple Choice 5.60% 10.65% 3.05% O None of these options are true. If expected dividends grow at 6% and the appropriate discount rate is 8%, what is the value of a stock with an expected dividend one year from now of $2.65? (Round your answer to 2 decimal places.) Multiple Choice $132.50 $66.25 $133.50 $198.75 An issue of common stock is selling for $56.60. The year-end dividend is expected to be $2.65, assuming a constant growth rate of 5%. What is the required rate of return? (Round your answer to 1 decimal place.) Multiple Choice 11.7 9.2 9.7 10.2 An issue of common stock's most recent dividend is $4.15. Its growth rate is 4.0%. What is its price if the market's rate of return is 7.7%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Multiple Choice $122.16 $117.16 $56.08 $116.65