pu Problem 9-11 (similar to) Question Help a. A $1.000 par value bond with a market price of $960 and a coupon interest rate of 12 percent Flotation costs for a new issue would be approximately 7 percent The bonds mature in 14 years and the corporate tax rate is 22 percent b. A preferred stock selling for $117 with an annual dividend payment of $8. The flotation cost will be $7 per share. The company's marginal tax rate is 22 percent c. Retained earnings totaling 54.8 million. The price of the common stock is $84 per share, and dividend per share was $8.31 last year. The dividend is not expected to change in the future d. New common stock for which the most recent dividend was $3.48. The company's dividends per share should continue to increase at a growth rate of 11 percent into the indefinite future. The market price of the stock is currently $52, however flotation costs of 58 per share are expected if the new stock a. What is the firm's after-tax cost of debt on the bond? 1% (Round to two decimal places) le celor Enter your answer in the answer box and then click Check Answers ? 3 parts remaining hp