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Assorted Fruit Association is trying to calculate its WACC. They have a tax rate of 30%. The YTM on the firm's bonds is 8%. Their
Assorted Fruit Association is trying to calculate its WACC. They have a tax rate of 30%. The YTM on the firm's bonds is 8%. Their preferred stock sells for $70 with an annual dividend of $8. The required return on the common stock is 14%. What is their WACC?
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