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Calculating WACC with the given information (explain needed). You are given the following information eoneeming Parrotheed Enterprises: Debt: 10,300 7.3 percent coupon bonds outstanding, with

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Calculating WACC with the given information (explain needed).

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You are given the following information eoneeming Parrotheed Enterprises: Debt: 10,300 7.3 percent coupon bonds outstanding, with 22 years In maturityr and a quoted price of 107.25. These bonds pay interest semiannually. Common stock: 290,000 shares of common stock selling for $65.30 per share. The stock has a beta of .93 and will pays dividend of$4.00 next year. The dividend is expected In grow by 5.3 percent per year indenitely. Preferred stock: 9,300 sham M4155 percent preferred s'hmk selling at $95.30 per share. Mamet: An expected return M103 percent, a risk-free rate of5.15 percent, and a 38 percent tax rate. Calculate the WACC for Parrotheed Enterprises. (Do not round Immediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.) WACC %

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