Question
A company has long-term debt of $25 million, which has the average interest rate of 11%. The company's market capitalization is $70 million. The if
A company has long-term debt of $25 million, which has the average interest rate of 11%. The company's market capitalization is $70 million. The if the tax rate is 45% and the cost of equity is 16%, determine the weighted average cost of capital.
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Applied Financial Macroeconomics And Investment Strategy
Authors: Robert T McGee
1st Edition
1137428394, 978-1137428394
