Remaining Time 1hour. 03 minutes 31 seconds Question completion Statue Question 17 of 20 Moving to another question will save this response Question 17 5 points Use the following data for the next 4 questions: (Take a note of the information of your calculation because you need the information for the last question) Debt 20 bonds with 8 9 coupon rate, payable annually. 51.000 par value. 15 years to maturity, selling at $970 per bond. Common Stock 500 shares of common stock outstanding. The stock sells for a price of $112 per share and has a beta of 1.6 Preferred Stock 110 preferred shares outstanding currently trading at $120 per share with an annual dividend payment of $7 Market The market risk premium is 9 and the risk free rate is 29 Tax Rate 2196 what is the cost of debt? (You don't need to calculate anything here. Use the logic of the 2nd key relationship on the slide) Hou may not need all the information from above to answer this question) Preferred Stock 110 preferred shares outstanding, currently trading at 5120 per share with an annual dividend payment of $7 Market The market risk premium is 9% and the risk free rate is 2% Tax Rate 2196 What is the cost of debt? (You don't need to calculate anything here. Use the logic of the 2nd kalatio ip on the (You may not need all the information from above to answer this question) 8.36% 6.90 % 7.50 % 6.55 % ()