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An all-equity company has common and preferred shares. There are 250,000 common shares outstanding with a price of $43.90 per share and with an expectation
An all-equity company has common and preferred shares. There are 250,000 common shares outstanding with a price of $43.90 per share and with an expectation to continue to provide a dividend of $5.10 per share. There are 50,000 preferred shares outstanding, with a 4.78% dividend, $100 par value per share, and $73.70 market value per share. Given this information, what is the company's WACC? 9.29% 9.55% 9.81% 10.07% 10.33%
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