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Intro Munich Re Inc. is expected to pay a dividend of $4.82 in one year, which is expected to grow by 4% a year
Intro Munich Re Inc. is expected to pay a dividend of $4.82 in one year, which is expected to grow by 4% a year forever. The stock currently sells for $74 a share. The before-tax cost of debt is 7% and the tax rate is 34%. The target capital structure consists of 60% debt and 40% equity. Part 1 What is the company's weighted average cost of capital? 3+ decimals Submit Attempt 1/5 for 10 pts.
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International financial management
Authors: Jeff Madura
9th Edition
978-0324593495, 324568207, 324568193, 032459349X, 9780324568202, 9780324568196, 978-0324593471
