Question
Pfd Company has debt with a yield to maturity of 5.9%, a cost of equity of 13.6%, and a cost of preferred stock of 8.9%.The
Pfd Company has debt with a yield to maturity of 5.9%, a cost of equity of 13.6%, and a cost of preferred stock of 8.9%.The market values of its debt, preferred stock, and equity are $11.4 million, $3.3 million, and $16.2 million, respectively, and its tax rate is 38%. What is this firm's WACC?
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Corporate Treasury And Cash Management
Authors: Robert Cooper
1st Edition
1349512699, 9781349512690
