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Hudaverdi Ltd pay current dividends of $0.61 per share withthese dividends expected to grow at a rate of 2% per year inperpetuity. Hudaverdi Ltd shares are currently trading at $6.91 pershare. What is the cost of equity finance for Hudaverdi Ltd? Giveyour answer as a percentage per annum to 1 decimal place.Cost of equity = % paGertrude's Great Gloves issue bonds with a face value of $1,000,paying interest at j2 = 6.75%, redeemable in exactly 13years. An investor purchases the bond for $900.11. Calculate thecost of debt (j2) for Gertrude's Great Gloves. You maygive your answer as a percentage per annum to the nearest percentor use linear interpolation or a financial calculator to give amore accurate result.Cost of debt = % pa