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A firm has an effective (after tax) cost of debt of 3%, and its weight of debt is 40%. Its equity cost of capital is
A firm has an effective (after tax) cost of debt of 3%, and its weight of debt is 40%. Its equity cost of capital is 12%, and its weight of equity is 60%. Calculate the firm's weighted average cost of capital ( WACC). Enter your answer as percentage rounded to two decimal places
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
