Question: Please show work on pen and paper. NO EXCEL, please! Question 8 2 pts 6. Dee's Dress Emporium has 50,000 shares of common stock outstanding

 Please show work on pen and paper. NO EXCEL, please! Question

Please show work on pen and paper. NO EXCEL, please!

Question 8 2 pts 6. Dee's Dress Emporium has 50,000 shares of common stock outstanding at a price of $27 a share. It also has 1000 shares of preferred stock outstanding at a price of $20 a share. There are 800 bonds outstanding that have a semiannual coupon payment of $25. The bonds mature in four years, have a face value of $1,000, and sell at 97 percent of par. What is the weight of the common stock? 48.20 percent 48.15 percent 50.00 percent 62.91 percent Question 9 2 pts 8. Peter's Audio Shop has a cost of debt of 7%, a cost of common stock of 11%, and a cost of preferred stock of 8%. The firm has 104,000 shares of common stock outstanding at a market price of $20 a share. There are 40,000 shares of preferred stock outstanding at a market price of $34 a share. The bond issue has a total face value of $500,000 and sells at 102% of face value. The tax rate is 34%. What is the weighted average cost of capital for Peter's Audio Shop? 6.54% 9.45% 8.60% 9.14%

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