15. Preferred Stock and WACC The Saunders Investment Bank has the following nancing outstanding. What is the WACC for the company? Debt: Preferred stock: Common stock: Market: 50,000 bonds with an 8 percent coupon rate and a quoted price of 1 19.80; the bonds have 25 years to maturity. 150,000 zero coupon bonds with a quoted price of 13.85 and 30 years until maturity. 120,000 shares of 6.5 percent preferred with a current price of $1 12, and a par value = $100. 2,000,000 shares of common stock; the current price is $65, and the beta of the stock is 1.1. The corporate tax rate is 40 percent, the market risk premium is 9 percent, and the risk-ee rate is 4 percent