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Given the following information for Huntington Power Co., find the WACC. Assume the company's tax rate is 35 percent. Debt: 5,000 8% coupon bonds outstanding,
Given the following information for Huntington Power Co., find the WACC. Assume the company's tax rate is 35 percent. Debt: 5,000 8% coupon bonds outstanding, $1,000 par value 20 year to maturity, selling for 103 % of par; the bonds make semiannual payments. Common stock: 160,000 share outstanding, selling for $57 per share; the beta is 1.10. Market: 7% market risk premium and 6 % risk-free rate
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R In Finance And Economics A Beginners Guide
Authors: Abhay Kumar Singh, David Edmund Allen
1st Edition
9813144467, 978-9813144460
