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Preferred Common Outstanding Bond Stock Info Stock Info (Annual Coupons) Preferred Divided $3.00 Current Dividend...

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Preferred Common Outstanding Bond Stock Info Stock Info (Annual Coupons) Preferred Divided $3.00 Current Dividend $4.00 Time to Maturity (years) 16 Current $35.00 Current Price $42.00 Market Price Coupon Rate APR 5.00% Expected Growth in Dividends 3.00% Face Value $1,000.00 Current Market Price $985.00 Tax rate = 25.00% Based on the information in the table, what is the firm's pre-tax cost of debt

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