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Assume JUP has debt with a book value of $19 million, trading at 120% of par value. The bonds have a yield to maturity of

Assume JUP has debt with a book value of $19 million, trading at 120% of par value. The bonds have a yield to maturity of 8%. The firm has book equity of $18 million, and 2 million shares trading at $15 per share. The firm's cost of equity is 11%. What is JUP's WACC if the firm's marginal tax rate is 30%? 9.54% 9.1% 8.67% 6.93%

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