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Question 15 (1 point) Western Electric has 20,000 shares of common stock outstanding at a price per share of $60 and a r
Posted: Fri Jul 01, 2022 7:48 am
by answerhappygod
- Question 15 1 Point Western Electric Has 20 000 Shares Of Common Stock Outstanding At A Price Per Share Of 60 And A R 1 (46.42 KiB) Viewed 35 times
Question 15 (1 point) Western Electric has 20,000 shares of common stock outstanding at a price per share of $60 and a rate of return of 16.5 percent. The firm has 6,000 shares of 8 percent preferred stock outstanding at a $45 share price and par value of $100. The outstanding debt has a total face value of $430,000 and currently sells for 102 percent of face. The yield to maturity on the debt is 7.4 percent. What is the firm's weighted average cost of capital if the tax rate is 30 percent? 14.12 percent 11.47 percent 12.92 percent 14.98 percent 13.44 percent