1. Holdup Bank has an issue of preferred stock with a $1.75 stated dividend that just sold for $29.77 per share. What is the bank's cost of preferred stock? Enter the answer with 4 decimals (e.g. 0.1234).
2. What is “cause-related marketing?” Identify and describe in detail how one company practices this type of marketing.
3. Sixx AM Manufacturing has a target debt—equity ratio of 0.5. Its cost of equity is 0.12, and its pretax cost of debt is 0.08. If the tax rate is 0.23, what is the company's WACC? Enter the answer with 4 decimals (e.g. 0.0123)