Question
Penny Lane has 1 million shares of common stock outstanding with a current market price per share of $24. The firm has outstanding debt with
Penny Lane has 1 million shares of common stock outstanding with a current market price per share of $24. The firm has outstanding debt with a total market value of $29,000,000. What capital structure weight would you use for debt when calculating the firm's WACC? Multiple Choice
0.547
0.453
0.597
0.647
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Public Finance
Authors: Harvey S Rosen
7th Edition
0072876484, 978-0072876482
