15. Pfd Company has debt with a yield to maturity of 8%, a cost of equity of...
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15. Pfd Company has debt with a yield to maturity of 8%, a cost of equity of 18%, and a cost of preferred stock of 12%. The market values of its debt, preferred stock, and equity are $12 million, $5 million, and $18 million, respectively, and its tax rate is 35%. What is this firm's WACC?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781292018409
3rd Global Edition
Authors: Berk, Peter DeMarzo, Jarrad Harford
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