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The following is the capital structure of your company. Debt: 9,000 bonds. 5.8 annual % coupon, with semiannual payments. $1,000 face value. 24 years
The following is the capital structure of your company. Debt: 9,000 bonds. 5.8 annual % coupon, with semiannual payments. $1,000 face value. 24 years to maturity. Priced at $1,060 per bond. Preferred stock: 18,000 shares preferred stock. Priced at $81 per share. $3.60 dividend per share. Common Stock: 420,000 shares. Priced at $60 per share. Beta is 1.11. Market: 5% market risk premium. 4.6% risk-free rate. Company's tax rate is 24%. What is the company's Weighted Average Cost of Capital? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 12 WACC %
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