Question 18 1 points "The corporate tax rate is at 40%. The information on debt. preferred stock and common stock for AbbyToy Lhd. are as follows. Debt: The company can issue bonds at a yield to maturity of Preferred Stock: The company can sell 5.6% preferred stock at its $100 per share para Flotation costs are 54 per share. Common Stock: Price per share is currently 565. Dividends are projected at 53 pershare next year with a dividend growth rate of 2. Calculate the cost of debt. 034 07 6 29