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ele Question 24 3 pts 3 Assume Occidental Petroleum shares have a market capitalization of $80 billion. The company is expected to pay a dividend

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ele Question 24 3 pts 3 Assume Occidental Petroleum shares have a market capitalization of $80 billion. The company is expected to pay a dividend of $1.30 per share and each share trades for $42. The growth rate in dividends is expected to be 3% per year. Also, Occidental has $20 billion of debt that trades with a yield to maturity of 7%. If the firm's tax rate is 35%, compute the WACC? Zoom nd g 6.76% 6.40% 7.11% 5.79%

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