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Please show work on pen and paper. NO EXCEL, please! Question 8 2 pts 6. Dee's Dress Emporium has 50,000 shares of common stock outstanding

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Please show work on pen and paper. NO EXCEL, please!

Question 8 2 pts 6. Dee's Dress Emporium has 50,000 shares of common stock outstanding at a price of $27 a share. It also has 1000 shares of preferred stock outstanding at a price of $20 a share. There are 800 bonds outstanding that have a semiannual coupon payment of $25. The bonds mature in four years, have a face value of $1,000, and sell at 97 percent of par. What is the weight of the common stock? 48.20 percent 48.15 percent 50.00 percent 62.91 percent Question 9 2 pts 8. Peter's Audio Shop has a cost of debt of 7%, a cost of common stock of 11%, and a cost of preferred stock of 8%. The firm has 104,000 shares of common stock outstanding at a market price of $20 a share. There are 40,000 shares of preferred stock outstanding at a market price of $34 a share. The bond issue has a total face value of $500,000 and sells at 102% of face value. The tax rate is 34%. What is the weighted average cost of capital for Peter's Audio Shop? 6.54% 9.45% 8.60% 9.14%

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