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Question 26 (1 point) Your firm has an expected stock return of 10%, an expected return on its preferred stock of 4%, and the yield

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Question 26 (1 point) Your firm has an expected stock return of 10%, an expected return on its preferred stock of 4%, and the yield on its bonds of 2%. The market value of common stock outstanding is $20 million, preferred stock is $2 million, and the market value of the firm's bonds is $3 million. The tax rate is 25%. What is the WACC

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