What is the cost of preferred stock (Rp)? (Answer as a percentage and round to 2 decimals) Select one: a. 7.15% b. 9.27 % O c. 11.71 % d. 12.44 % O e. 6.97% Use the following data for the next 5 questions: Debt 40,000 bonds with a 5.0% coupon ra payable annually. 15 years to maturi selling at $1,050 per bond. Common Stock 875,000 shares of common stock outstanding. The stock sells for a of $71 per share and has a beta of Preferred Stock 245,000 preferred shares outstan currently trading at $102.85 per with an annual dividend paymer $9.53, Market The market risk premium is 23 risk free rate is 7% the next 5 questions: 40,000 bonds with a 5.0% coupon rate, payable annually, 15 years to maturity, selling at $1,050 per bond. 875,000 shares of common stock outstanding. The stock sells for a price of $71 per share and has a beta of 1.00. 245,000 preferred shares outstanding, currently trading at $102.85 per share; with an annual dividend payment of $9.53, The market risk premium is 23% and risk free rate is 7% 20%