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Hook Industriess capital structure consists solely of debt and common equity. It can issue debt at 10%, and its common stock currently pays a $2.50
Hook Industriess capital structure consists solely of debt and common equity. It can issue debt at 10%, and its common stock currently pays a $2.50 dividend per share. The stocks price is currently $27.25, its dividend is expected to grow at a constant rate of 5% per year, and its WACC is 12.15%. What percentage of the companys capital structure consists of debt? The company is in the 30% tax bracket
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