The Up and Coming Corporation's common stock has a beta of 1.78. If the risk-free rate is 0.03 and the expected return on the market is 0.1, what is the company's cost of equity capital? Enter the answer with 4 decimals (e.g. 0.1234).

Holdup Bank has an issue of preferred stock with a $1.38 stated dividend that just sold for $33.01 per share. What is the bank's cost of preferred stock?

Enter the answer with 4 decimals (e.g. 0.1234).