Page 1 of 1
Doctor Strange Inc. is a public company listed on NASDAQ. The annual report reveals that the company has a bank loan of
Posted: Thu May 19, 2022 7:03 am
by answerhappygod
- Doctor Strange Inc Is A Public Company Listed On Nasdaq The Annual Report Reveals That The Company Has A Bank Loan Of 1 (20.67 KiB) Viewed 46 times
Doctor Strange Inc. is a public
company listed on NASDAQ. The annual report reveals that the
company has a bank loan of 10,000,000 dollars with an interest rate of 12%. The market value of the
company's equity is 18,000,000 dollars. The beta of the
company is 1.05 and the market return is 11% per annum. The risk-free rate in the United States is 3% p.a. while the relevant tax rate for Doctor strange Inc. is 29% Find the weighted average cost of capital (WACC) of Doctor Strange Inc. 1 a. 11.79% b. 11.61% c. 10.61% d10.37%