what is the rate of return on the preferred stock?

Consider the following company, $66 million 15% 17% 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 semi-annually 120 38% 1.5 million $29 $1.24 3.5 million $18 0.9 9% 14% What is the market value of the debt? Enter your answer in terms of millions and rounded to 2 DECIMAL PLACE Enter your response below. 82.57 Correct response: 82.57+0.03 million