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Here is some information about Stokenchurch Inc.: Beta of common stock = 1.3 Treasury bill rate = 4% Market risk premium = 6.6% Yield
Here is some information about Stokenchurch Inc.: Beta of common stock = 1.3 Treasury bill rate = 4% Market risk premium = 6.6% Yield to maturity on long-term debt = 6% Book value of equity = $350 million Market value of equity = $700 million Long-term debt outstanding = $700 million Corporate tax rate = 21% What is the company's WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) WACC %
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
