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JPM has the following capital structure. What is the WACC for the company? Debt: Bond 1. 400,000 bonds with a coupon rate of 6% (paid

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JPM has the following capital structure. What is the WACC for the company? Debt: Bond 1. 400,000 bonds with a coupon rate of 6% (paid semiannually), a price quote of 110.0 and have 20 years to maturity. The semi-annual YTM is 2.595%. Bond 2. 300,000 zero coupon bonds (semi-annual compounding) with a price quote of 40.0 and 25 years until maturity. Preferred stock: 600,000 shares of 4 percent preferred stock with a current price of $60, and a par value of $100. Common stock: 12,000,000 shares of common stock, with a price of $80, and a beta of 1.3 . Market: The corporate tax rate is 40 percent, the market risk premium is 9%, and the risk-free rate is 4%

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