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Munding Corp. has debt with a market value of $23 million and equity with a market value of $58 million. Its pre-tax cost of debt
Munding Corp. has debt with a market value of $23 million and equity with a market value of $58 million. Its pre-tax cost of debt is 5.9% and its cost of equity is 14%. The firm's marginal tax rate is 21%. What is the company's weighted average cost of capital (in %)
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Principles Of Investments
Authors: Alan Marcus, Zvi Bodie, Michael Drew, Anup Basu, Alex Kane
1st Edition
0071012389, 978-0071012386
