Use the following data for the next 5 questions: Debt 64,000 bonds with a 5.0% coupon rate, payable annually, 15 years to maturity, selling at $1,050 per bond. Common Stock 650,000 shares of common stock outstanding. The stock sells for a price of $58 per share and has a beta of 194 Preferred Stock 285,000 preferred shares outstanding, currently trading at $69.96 per share; with an annual dividend payment of $8.19, Market The market risk premium is 17% and the risk free rate is 5% Tax Rate 27% What is the cost of preferred stock (R17 Answer as a percentage and round to 2 decimals) Select one a 11,71% 772 14914 d 14:35 09 MacBook Air * 30 78 FS 44 11 # A 2 3 $ 4 % 5 6 & 7 * 8 9 W E R T Y U is o