23 of 301 n23 CC Sample Problem 10 points Land Answer 1. Sanstreet, Inc. went public by issuing 1 million shares of common stock @ AED 25 per share. The shares are currently trading at AED 30 per share. Current risk free rate is %, market risk premium is 8% and the company has a beta coefficient of 1.2. During last year, it issued 50,000 bonds of AED 1,000 par paying 10% coupon anny maturing in 20 years. Bond Vield is 10.6%. The bonds are currently trading at AED 950. The tax rate is 30%. Calculate the weighted average cost of capital. (10 Points). SHOW WORK ON WORKSHEET QUESTION FOR PARTIAL CREDIT