Devon Energy Corporation $($DVN$)$ Stock: $44\mathrm{.}39$

A$.)$ Using the current stock of DVN$,$ estimate the beta of the company$$s equity for the period of $2019$:$1$:$1$ to $2021$:$12$:$31$ with the market index being S&P $500.$ Use the weekly data. Depending on the data sources, your weekly data may be off by a day or two $-$ which is fine for this exercise.

B$.)$ Find the $30-$year T$-$bond yield for the day and suppose the S&P $500$ return is $10\%.$ Estimate the company$$s expected rate of return on equity.

C$.)$ Suppose that the company$$s capital structure is $30\%$ debt and $70\%$ equity $($you can find out the exact information from the company $10$K$).$ Calculate the company$$s WACC use the current market yield on bonds $($you will need to find the current bond yield $$ for simplicity, use Moody's AAA Corporate Bond Yield $).$ Again, there are market traded Devon debt instruments $)$ as the proxy for yield of the company$$s debt instruments and $21\%$ tax rate.