Adjusted WACC. Hollydale's is a clothing store in East Park. It paid an annual dividend of $1.80 last year to its shareh
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Adjusted WACC. Hollydale's is a clothing store in East Park. It paid an annual dividend of $1.80 last year to its shareh
Adjusted WACC. Hollydale's is a clothing store in East Park. It paid an annual dividend of $1.80 last year to its shareholders and plans to increase the dividend annually at 5.0%. It has 450,000 shares outstanding. The shares currently sell for $28.22 per share. Hollydale's has 11,000 semiannual bonds outstanding with a coupon rate of 10.5%, a maturity of 18 years, and a par value of $1,000. The bonds are currently selling for $1,085.46 per bond. What is the adjusted WACC for Hollydale's if the corporate tax rate is 15%? What is the adjusted WACC for Hollydale's if the corporate tax rate is 15%? % (Round to two decimal places.)
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