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no preferred stock). Its marginal tax rate is 30%. Marie's bonds have a YTM of 5.5%. The current stock price (Po) is $47. Next
no preferred stock). Its marginal tax rate is 30%. Marie's bonds have a YTM of 5.5%. The current stock price (Po) is $47. Next year's dividend is expected to be $2.25, and it is expected to grow at a constant rate of 5% per year forever. The company's W.A.C.C. is %. Margin of error for correct responses: +/-.10(%) Rounding and Formatting instructions: Do not enter dollar signs, percent signs, commas, X, or any words in your response. Do not round any intermediate work, but round your *final* response to 2 decimal places (example: if your answer is 12.3456, 12.3456%, or $12.3456, you should enter 12.35). Note: Correct answer feedback may show more than 2 decimal places, but you should still follow instructions above for entering your answers.
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