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Business, 19.10.2021 09:40 mere33

To help finance a major expansion, Johnson Company sold a noncallable bond several years ago that now has 30 years to maturity. This bond has a 10% annual coupon, paid quarterly, sells at a price of $1300, and has a par value of $1000. The firm's target capital structure is 30% debt and 70% common equity with the cost of equity being 15%. If the firm's tax rate is 35%, what is the firm's WACC

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