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Business, 11.10.2019 07:30 Gabby1128

Hook industries' capital structure consists solely of debt and common equity. it can issue debt at rd = 11%, and its common stock currently pays a $2.00 dividend per share (d0 = $2.00). the stock's price is currently $29.50, its dividend is expected to grow at a constant rate of 9% per year, its tax rate is 40%, and its wacc is 13.80%. what percentage of the company's capital structure consists of debt? do not round intermediate calculations. round your answer to two decimal places.

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