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A company has the following capital structure: $10 million from bonds, $25 million from preferred stock, and $150 million from common stock. The cost of
A company has the following capital structure: $10 million from bonds, $25 million from preferred stock, and $150 million from common stock. The cost of each source of funding is as follows: Bonds = 5.08%; Common = 6.57%; Preferred = 4.00%. Compute the company's WACC.
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5.33%
6.57%
4.00%
5.60%
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