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The current price of Williams 10 percent coupon price, semiannual payment, noncallable bonds with 15 years remaining to maturity is $1.140.00. The firm uses the

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The current price of Williams 10 percent coupon price, semiannual payment, noncallable bonds with 15 years remaining to maturity is $1.140.00. The firm uses the maximum of the risk premium range. What is the bond-yield-plus-risk premium estimate for Williams cost of common equity? 10.0% 12.9% 13.3% 14.0%

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