Calculate International Business Machines (IBM) WACC (weighted average cost of capital) using both the Security Market Line Approach and the Dividend Growth Model Approach. Compare the WACC for each approach, discussing the advantages and disadvantages of each

BONDS FOR DE SYMBOL NKE3998567 NKE3998568 AMOUNT OUTSTANDING 500,000,000 500,000,000 LAST TRADE PRICE 92.0 88.7 (A *B)/ 100 MARKET VALUE 460,000,000 443,500,000 YTM 3.28 4.31 wn % of TOTAL 0.455 0.439 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.106 1.000 F (D *E)/100 WEIGHTED YTM 1.493% 1.892% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.062% 3.447% 00 O 100,000,000 107.0 0.59 10 NKE.GE TOTAL 107,000,000 1,010,500,000 BONDS FOR DE SYMBOL NKE3998567 NKE3998568 AMOUNT OUTSTANDING 500,000,000 500,000,000 LAST TRADE PRICE 92.0 88.7 (A *B)/ 100 MARKET VALUE 460,000,000 443,500,000 YTM 3.28 4.31 wn % of TOTAL 0.455 0.439 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.106 1.000 F (D *E)/100 WEIGHTED YTM 1.493% 1.892% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.062% 3.447% 00 O 100,000,000 107.0 0.59 10 NKE.GE TOTAL 107,000,000 1,010,500,000