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Andersen Corp. has debt with a book value of $9 million, currently trading at 85% of book value. It also has book value of equity
Andersen Corp. has debt with a book value of $9 million, currently trading at 85% of book value. It also has book value of equity of $8 million, and 2 million shares of common stock trading at $4.75 per share. What weight should Andersen use for debt in calculating its WACC? Round to 1 decimal place. i.e. 1.1 for 1.1%
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Financial Markets And Institutions
Authors: Jeff Madura
10th Edition
1285531507, 9781285531502
