Question
TAFKAP Industries has three million shares of stock outstanding selling at $17 per share and an issue of $20 million (Face value) in 7.5 percent,
TAFKAP Industries has three million shares of stock outstanding selling at $17 per share and an issue of $20 million (Face value) in 7.5 percent, annual coupon bonds with a maturity of 15 years, selling at $1060. If TAFKAP's weighted average tax rate is 34 percent and it recently paid a dividend of $1 and has a growth rate of 5%, what is TAFKAP's WACC?
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
10th Edition
1439898189, 978-1439898185
