Grant Flowers has a target capital structure of 30%debt and 70%common equity,with no preferred stock. The yield to maturity on the company's outstanding bonds is 9.0%, and its tax rate is 40%. The company's WACC is estimated to be 9.5%. What is Grant Flowers cost of common equity?

Madison Retailers bonds have a $1,000par value, an 8% semi-annual coupon,14years to maturity,and an 11%yield to maturity.What is the bond's price?

Pierce Lumber's stock currently sells for $38.00a share.It just paid a dividend of $2.00a share.The dividend is expected to grow at a constant rate of 5% a year. What is the required rate of return?