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Claiborne Company finances its assets with $5,200,000 of debt, 51200,000 of preferred stock and $5,520,000 of common stock. Based upon the Information provided below, what

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Claiborne Company finances its assets with $5,200,000 of debt, 51200,000 of preferred stock and $5,520,000 of common stock. Based upon the Information provided below, what is the company's weighted average cost of capital? Claiborne Company Yield to Maturity of Bonds 8.69 Dividend of Preferred Stock 5832 Dividend at time 0 (DO) $5.43 Constant Growth Rate of Common Stock il 6 Preferred Stock Price $103.59 Common Stock Price $63.58 Tax Rate 21 Multiple Choice 10.75 10.73%

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