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A company's target capital structure consists of 30% debt 20% preferred stock and 50 common stock. The yield to maturity on this company bonds s

A company's target capital structure consists of 30% debt 20% preferred stock and 50 common stock. The yield to maturity on this company bonds s 9 and the cost of retained earnings is 15%. The tax rate of this company is 40%, what is the WACC of this company? the cos preferred stock s 11%

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