Question 23 1 pts Cartwright Brothers' stock is currently selling for $40 a share. The stock is expected to pay a $2 dividend at the end of the year. The stock's dividend is expected to grow at a constant rate of 7 percent a year forever. The risk-free rate (KRF) is 6 percent and the market risk premium (km - KRF) is 12 percent. What is the stock's beta? O 1.00 0.75 O 2.00 O .50 O 1.14 Question 24 1 pts Which of the following is considered an annuity? O A share of common stock. A conventional fixed payment mortgage. A construction loan with varying costs and payments. A cash payment for a new car. A savings account with occasional deposits for a newborn child. Question 25 1 pts Suppose a firm's debt is selling for one-half of its face value of $1,000. It matures in 10 years and has a coupon rate of 5%. To the nearest percent, what is the pre-tax cost of this firm's debt? O 11% O 12% 13% O 15%