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a firm has a bond that matures in 8 years, pays a 7 % coupon semi - annually. The original loan amount was $ 1

a firm has a bond that matures in 8 years, pays a 7% coupon semi-annually. The original loan amount was $1 million. The current YTM=4%. It has 700,000 shares of common stock, each trading at $4. The beta of the firm =0.9, the market risk premium=6%, and the risk-free rate =1%. Assume a tax rate =23%, what is the firms WACC?

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