1. ACB bond has 30 years to maturity and is selling for $775.92. The bond had a coupon rate of 9% paid annually. What is the yield to call if you expect bonds to be called in 5 years with an additional years interest?

2. What are financial executives expecting for 2017 that will impact their businesses?

3. Pfd Company has debt with a yield to maturity of 7.5%, a cost of equity of 12.8%, and a cost of preferred stock of 10.3%. The market values of its debt, preferred stock, and equity are $13.1 million, $3.3 million, and $13.8 million, respectively, and its tax rate is 35%. What is this firm's after-tax WACC? (answer in percent)