Question
KCG, Inc. has the following mix of funds and costs Type Amount Cost Debt P 150,000 18% Preferred stock 500,000 15% Common equity 700,000 12%
KCG, Inc. has the following mix of funds and costs
| Type | Amount | Cost |
| Debt | P 150,000 | 18% |
| Preferred stock | 500,000 | 15% |
| Common equity | 700,000 | 12% |
| Total funds | P1,350,000 |
|
What is KCGs weighted average cost of capital?
Group of answer choices
12.22%
14.22%
13.77%
15.22%
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Contemporary Mathematics
Authors: OpenStax
1st Edition
1711470554, 978-1711470559
