Question
Shares of Firm X are currently trading at $22, and the firm has 800 million shares outstanding. Firm X estimates its cost of equity is
Shares of Firm X are currently trading at $22, and the firm has 800 million shares outstanding. Firm X estimates its cost of equity is 11.58%. Further, the market value of the firm's long-term debt is $10.5 billion, its bond's average coupon rate is 7% and the firm's average yield-to-maturity of 4%. Its effective tax rate is 35%. What is the firm's WACC?
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Ultimate Manual For Newbie Property Investors
Authors: Kimberly K. Benson
1st Edition
979-8866108688
