a corporation has 15000 bonds outstanding with a 7.8% annual
coupon rate, 13 years to maturity, a $1000 face value, and a $1,200
market price. Assume semiannual coupon payments. The company's
80,000 shares of preferred stock pay a $2.75 annual dividend, and
sell for $28 per share. The company's 1,200,000 shares of common
stock sell for $32 per share and have a beta of 1.25. The risk-free
rate is 3.5%, and the market return is 12%. Assuming a 21% tax
rate, what is the company's WACC
a corporation has 15000 bonds outstanding with a 7.8% annual coupon rate, 13 years to maturity, a $1000 face value, and
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