Which one is incorrect?

Which one is correct?

estion 10 1 pts Which of the following statements is incorrect? O The current cost of preferred equity can be found by taking the ratio of the annual dividend on the preferred stock to the current price of preferred shares. Total market value of the debt and the equity of a firm is the present value of the cash flows that the debt holders and the stockholders have the right to receive. O Interest rate (or historical interest rate determined when the debt was issued) that the firm is paying on its outstanding debt reflects its current cost of debt. O All the answers are correct except one. The total book value of the assets reported on an accounting balance sheet does not necessarily reflect the total market value of those assets. Question 22 Which of the following statements is correct? O The spot rate is the exchange rate that you would pay for future delivery of a currency O All the answers are correct. O If a firm is located in a country with a relatively unstable political environment, management will require a lower rate of return on capital projects. O If a firm is located in a country with a relatively unstable political environment, management will require a higher rate of return on capital projects. O Given that the spot rate is $1.5136/ and the 90-day forward quote is $1.4974/, we can say that the U.S. dollar is expected to depreciate against the Euro in the future