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Company 2 is financed with debt, and ordinary equity, for which the following details are available, assume 20% tax rate: Debt: The firm has 5,320

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Company 2 is financed with debt, and ordinary equity, for which the following details are available, assume 20% tax rate: Debt: The firm has 5,320 corporate bonds on issue, each with a value of $750 and a mature after 2 years. The current yield to maturity is 3.5% per annum. Ordinary Capital: 7,200,000 ordinary shares are on issue. The current ordinary share price is $88.6 per share. The required rate of return on company shares equal 16% (no Rs calculation is needed here), Find WACC

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