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11 to 2 points Suppose UTK Company has two classes of securities: long-term bonds and common stock. The bonds have a a total par value
11 to 2 points Suppose UTK Company has two classes of securities: long-term bonds and common stock. The bonds have a a total par value of $342 million, a market price of 102.5% of par, and a yield-to-maturity of 8.8%. The stock has 41 million shares outstanding, a current market price of $46, and an expected rate of return according to the CAPM of 13.7%. The firm's tax rate is 19%. What is the firm's WACC? Enter your answer as a decimal and show four decimal places. For example, if your answer is 9.25%, enter .0925. Type your
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