Answer questions 20, 21, and 22 based upon the following information ompany X is trading at $85 a share. Next year's dividend is expe $90 a The common stock of C be $7 per share, growing at 5% a year. The company's preferred stock is trading at with an annual dividend of $10. The company's bonds are trading at $1,295 each. The c an annual 11%, paid annually. The bonds mature in 20 years. Q20. The cost of equity capital is closest to a. 10%. b.1190. c. 12%. d. 13%. Q21. The cost of preferred capital is closest to a. 10%. 12%. 13%. C. d. Q22. The pre-tax cost of debt capital is closest to 5%. 8%. 10%. 13%. a. c. d