Essex Property Trust has a common stock that just paid a dividend of $11 per share. If the common stock price today is $48 and the growth rate of form is 0.04, find the cost of capital for common stock. 33.51% 27.83% 15.42% none of the answers is correct. 22.68% 1 pts Question 4 Which of the following statements is incorrect? The current cost of long-term debt if available is the appropriate cost of debt for WACC calculations We choose the yield to maturity on the publicly traded bonds when estimating the cost of preferred stock to use in the WACC We choose the yield to maturity on the publicly traded bonds when estimating the cost of debt to use in the WACC When estimating the cost of debt capital for a firm, we are primarily interested in the cost of long-term debt, All the answers are correct except one