Q6

5. If next year's dividend is expected to be $1.01 and today's price is $36, what is your expected dividend for the coming year? Answer as a percentage to the nearest hundredth as in xx.xx recalling that for two place accuracy for percentages you need four place accuracy for rates.

6. A firm with 10 million preferred stock, 60 million equity, and 30 million debt, and with 7% cost of preferred stock, 9% cost of equity, and 4.5% before-tax cost of debt with a tax rate of 40% taxt rate, what is the weighted average coat of capital? Answer as percentage to the nearest hundredth of a percentage as in xx.xx and enter without the percentage sign.