1. Find the cost of debt company has a 20 million (face value) bond selling for 97% of par that pays an annual coupon of 8.25%. what would be the company before tax component cost of debt?
2. Burkhardt Corp. pays a constant $13.50 dividend on its stock. The company will maintain this dividend for the next eight years and will then cease paying dividends forever. If the required return on this stock is 11 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Share price.