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Ace Company has the following capital structure. They issued 3 , 2 5 0 bonds that currently sell for 1 0 1 . 2 5
Ace Company has the following capital structure. They issued bonds that currently sell for with a coupon rate of that mature in years. They also issued shares of preferred stock at $ which currently sells for $ The market return is expected to be and the company's beta is with a riskfree rate of They sold shares of common stock that currently sells for $ The company has a tax rate. Please calculate the company's WACC.
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