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help me solve this question. You are given the following information on Parrothead Enterprises: Debt: Common stock: Preferred stock: Herket: 9,600 7:1 percent coupon bonds
help me solve this question.
You are given the following information on Parrothead Enterprises: Debt: Common stock: Preferred stock: Herket: 9,600 7:1 percent coupon bonds outstanding, with 24 years to maturity and a quoted price of 1a5.5. These bonds pay interest semiannually and have a par value of $1,000. 255,600 shares of comon stock selling for $65.10 per share. The stock has a beta of 96 and will pay a dividend of 53.30 next year. The dividend is expected to grow by 5.1 percent per year indefinitely. 8,60 shares of 4.55 percent preferred stock selling at $94.60 per share. The par yalue is 510e per share11.4 percent expected return, risk-free rate of 3.9 percent, and a 21 percent tax rate. Calculate the company's WACC. Note: Do not round intermediate calculations and enter your answer as o percent rounded to 2 decimal places, e.g., 32.16 Step by Step Solution
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