>> Moving to another question will save this response. 10 points Save Answer XYZ Inc. hired you to help them estimate the cost of equity. The yield on the firm's bonds is 7%, and you believe that the cost of equity can be estimated using a risk premium of 3.45% over a firm's own cost of debt. What is an estimate of the firm's cost of equity? a. 10.45% b. 15.16% C. 9.99% d. 12.85% e. 9.45% >> A Moving to another question will save this response. 10 points Save Answer What is the Effective Annual Rate (EAR) on a credit card that has an APR of 21.75%, with monthly payments? a. 19.98% b. 24.06% C. 30.33% d. 25.10% e. 21.75%