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Assume a for-profit company has $8 million of long-term debt with an interest rate of 6%. It has $3 million of preferred stock with a
Assume a for-profit company has $8 million of long-term debt with an interest rate of 6%. It has $3 million of preferred stock with a required dividend rate of 8% and $4 million of common stock that is estimated to have a cost of capital of 10%. What is its weighted average cost of capital?
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
3rd Canadian Edition
0470836792, 978-0470836798
