Texas Corporation has an effective annual WACC of 9.60%. It is financed with 40% deb 60% equity. Texas's effective annual cost of equity is 12.80% and its corporate tax rate All debt issued by Texas is a 25-year bond, paying coupon annually at a coupon rate of The bond has a face value of $1,000. What is the price of the Texas bond? (Please retain at least 4 decimal places in your calculations.) O a. $1,076.74 O b. $987.63 O c. $852.46 O d. $1,000 O e. $1,017.67 - Corporation has an effective annual WACC of 9.60%. It is financed with 40% debt and equity. Texas's effective annual cost of equity is 12.80% and its corporate tax rate is 40%. ot issued by Texas is a 25-year bond, paying coupon annually at a coupon rate of 8%. and has a face value of $1,000. s the price of the Texas bond? e retain at least 4 decimal places in your calculations.) $1,076.74 $987.63 5852.46 $1,000 1,017.67