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Question 14 8 Points corporation has 11609 bonds outstanding with a 99 annual coupon rate, 8 years to maturity, a $1,000 face value, and a
Question 14 8 Points corporation has 11609 bonds outstanding with a 99 annual coupon rate, 8 years to maturity, a $1,000 face value, and a $1272 market price. "The company's 250380 shares of preferred stock pay a $16 annual dividend, and sell for $46 per share. "The company's 800268 shares of common stock sell for $23 per share and have a beta of 0.85. The risk free rate is 6%, and the market return is 149. Assuming a 40% tax rate, what is the company's WACC? Add your
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