The expected return on the market is 12.69%, the risk-free rate is 4.43%, and the tax rate is 22.00%. Semper Fun Sports has 300,000 common shares outstanding that are priced at $41.00 per share and have an expected return of 16.54% and an expected real return of 14.40%. Last year, Semper Fun Sports common stock had a return of 11.13%. The company also has 400,000 shares of preferred stock outstanding that are priced at $15.29 per share and have an expected return of 13.81% and an expected real return of 11.79%. Last year, Semper Fun Sports preferred stock had a return of 8.03%. Finally, the company has 10,000 bonds outstanding with a coupon rate of 9.61%, yield-to-maturity of 4.34%, current

		10.73% (plus or minus 0.02 percent)
		10.67% (plus or minus 0.02 percent)
		11.92% (plus or minus 0.02 percent)
		11.11% (plus or minus 0.02 percent)
		None of the above is within .02 percentage points of the correct answer