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Question 20 4 pts A firm has a target weighted average cost of capital (WACC) of 6.3 percent, an after-tax cost of debt of
Question 20 4 pts A firm has a target weighted average cost of capital (WACC) of 6.3 percent, an after-tax cost of debt of 3.8 percent, and a cost of equity of 10.4 percent. What debt/equity ratio does the firm need to achieve its target? Round your answer to 2 decimal places.
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
