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bet Will Connect - To Do.. 696467 696467 Chapter 2 Q ch2 Quitlet Project Managem CHAPTER 2 Chapter 12) Submitted 8/10 Total points awarded MC

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bet Will Connect - To Do.. 696467 696467 Chapter 2 Q ch2 Quitlet Project Managem CHAPTER 2 Chapter 12) Submitted 8/10 Total points awarded MC Qu.43 Jake's Sound Systems has... Jake's Sound Systems has 210,000 shares of common stock outstanding at a market price of $36 a share. Last month, Jake's paid an annual dividend in the amount of $1.593 per share. The dividend growth rate is 4% Jake's also has 6.000 bonds outstanding with a face value of $1.000 per bond. The bonds carry a 7% coupon, pay interest annually, and mature in 4.89 years. The bonds are selling at 99% of face value. The company's tax rate is 34% What is Jake's weighted average cost of capital? Multiple Choice 5.3% 5. a 6.3 O

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