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What is the market value of the debt? Enter your answer in terms of milions and rounded to 2 DECIMAL PLACES Enter your response below.

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What is the market value of the debt? Enter your answer in terms of milions and rounded to 2 DECIMAL PLACES Enter your response below. 66 Correct response: 6610.03 milion Click "Verity to proceed to the next part of the question What is the rate of return on the preferred stock? Enter you answer as a percentago and rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answers Enter your response below. 5.91 Correct response: 5.9110.01% Click vorily to proceed to the next part of the question What is the market value of the preferred stock? Enter your answer in terms of millions Enter your response below Number milion Question Menu Consider the following company, $66 million 5% 5% semi-annually 115 33% Book Value of Debt YTM Coupon Coupon Payments Years Corporate Tax Rate of Preferred Shares Price of Preferred Share Dividend per Preferred Shares # of Common Shares Price of Common Share B of Common Stock Risk-Free Rate Market Return 1 million $22 $1.3 8.5 million $18 10.7 3% 12%

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