Business, 18.12.2019 05:31 Chad5978

Crab cakes ltd. has 5million shares of stock outstanding at $15 per share and an issue of $10million in 10 percent, annual coupon bonds with a maturity of 25 years, selling at 97 percent of par ($1000).

if crab cakes weighted average tax rate is 30 percent, its next dividend is expected to be $1.00 per share, and future dividends are expected to grow at 5 percent per year, indefinitely.

what is its wacc? a) 8.42%b) 10.84c) 11.16d) 11.52%

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Crab cakes ltd. has 5million shares of stock outstanding at $15 per share and an issue of $10million...

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