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Question 13 3.34 pts Pinnacle Corp. has 5 million outstanding shares of common stock which has a beta of 1.05. The current market price is

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Question 13 3.34 pts Pinnacle Corp. has 5 million outstanding shares of common stock which has a beta of 1.05. The current market price is $20 per share and the book value per share is $12. It has a bond issue outstanding with a face $50 million which currently trades at a premium price of 110. Its coupon rate is 6.0% and has a yield to maturity of 5.25%. If you were asked to calculate the weighted cost of capital what market weights would you use? Equity of 64.5% and debt of 35.5% Equity of 66.7% and debt of 33.3% Equity of 52.2% and debt of 47.8% Equity of 54.5% and debt of 45.5%

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