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Pfd Company has debt with a yield to maturity of 5 . 5 % , a cost of equity of 1 2 . 7 %
Pfd Company has debt with a yield to maturity of a cost of equity of and a cost of preferred stock of The market values of its debt, preferred stock, and equity are $ million $ million and $ million respectively, and its tax rate is What is this firm's aftertax WACC?
Note: Assume that the firm will always be able to utilize its full interest tax shield.
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