Business, 19.12.2019 00:31 emmarieasimon
You are given the following information for lightning power co. assume the company’s tax rate is 22 percent. debt: 12,000 6.1 percent coupon bonds outstanding, $1,000 par value, 27 years to maturity, selling for 109 percent of par; the bonds make semiannual payments. common stock: 450,000 shares outstanding, selling for $63 per share; beta is 1.14. preferred stock: 19,500 shares of 3.9 percent preferred stock outstanding, currently selling for $84 per share. the par value is $100 per share. market: 5 percent market risk premium and 4.9 percent risk-free rate. what is the company's wacc?
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You are given the following information for lightning power co. assume the company’s tax rate is 22...
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