tax is 38% and YTM before taces is 5.880%

Remaining Time: 1 hour, 41 minutes, 23 seconds Question Completion Status: A Moving to another question will save this response Question 44 of 55 Question 44 10 points Save Answer Raymond Mining Corporation has 10.1 million shares of common stock outstanding, 450,000 shares of 5% 5100 par valse preferred to outstanding, and 175,000 7.50% semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $19 per share and has a beta of 1.55, the preferred stock currently sells for $98 per share, and the bonds have 15 years to maturity and sell for 116% of par. The market risk premium is 8.9%, T-bills are yielding 4%, and Raymond Mining's tax is 3%. The YTM before taxes i 5.BBON What is the WACC? (Enter your answers in whole dollars. Omit sign in your response.)