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A firm has 5 , 5 0 0 , 0 0 0 shares of common stock outstanding selling for $ 8 3 each. The firm
A firm has shares of common stock outstanding selling for $ each. The firm also has two bond issues outstanding that make semiannual coupon payments; the first bond issue, that matures in years, has a face value of $ a coupon rate of and sells for of face value. The second issue, that matures in years, has a face value of $ a coupon rate of and sells for of face value. Suppose the most recent dividend was $ the dividend growth rate is and the tax rate is
What is the firm's weighted average cost of capital? Please do not round your intermediate calculations; round only, if necessary, your final answer, expressed as a percentage, to two decimal places without the symbol. Example, if your final answer calculated as or or or is enter it as
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