Question 18 4 pts ABT is expanding rapidly and currently needs to retain all of its earnings: hence, it does not pay dividends. However, investors expect ABT to begin paying dividends starting with $1 per share 1 year from today and will grow rapidly at 30% for three years: after year 4. growth should be a constant 6.5% per year. If the required rate of return on ABT = 14%, what is the value of its stock today? $20.09 $22.79 $22.31 0 $19.96 $18.88 Question 19 4 pts ABC's outstanding bonds have an 8% annual coupon payment and will mature in 18 years. The bonds are currently selling for 94.25% of par. If the company can issue new bonds at par with similar YTM, what is ABC's before-tax cost of debt? If ABC's marginal tax rate is 25%, what is its after-tax cost of debt? O 8.64%: 6.48% O 8.41% : 6.31% 09.43% : 7.07% O 9.07%; 6.80% O 8.74%: 6.56%