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Here is some information about Stokenchurch Inc.: Beta of common stock = 2.1 Treasury bill rate = 4% Market risk premium = 8.4% Yield to
| Here is some information about Stokenchurch Inc.: |
| Beta of common stock = 2.1 |
| Treasury bill rate = 4% |
| Market risk premium = 8.4% |
| Yield to maturity on long-term debt = 7% |
| Book value of equity = $530 million |
| Market value of equity = $1,060 million |
| Long-term debt outstanding = $1,060 million |
| Corporate tax rate = 35% |
| What is the companys WACC? |
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
