Use the following data for the next 5 questions: Debt Common Stock Preferred Stock Market Tax Rate 42,000 bonds with a 5.0% coupon rate, payable annually, 15 years to maturity, selling at $1,050 per bond. a. 18.64 % O b. 22.25 % c. 18.00 % d. 20.60 % O e. 24.38 % 871,000 shares of common stock outstanding. The stock sells for a price of $49 per share and has a beta of 0.68. 220,000 preferred shares outstanding, currently trading at $65.93 per share; with an annual dividend payment of $8.09, The market risk premium is 20% and the risk free rate is 7% 21% What is the cost of common stock (RE)? (Answer as a percentage and round to 2 decimals)

Use the following data for the next 5 questions: What is the cost of common stock (RE)? (Answer as a percentage and round to 2 decimals) a. 18.64% b. 22.25% c. 18.00% d. 20.60% e. 24.38%