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The following table presents information for Golden Fleece Financial. Long-term debt outstanding $ 460,000 Current yield to maturity on debt 8.50% Number of shares of
The following table presents information for Golden Fleece Financial.
Long-term debt outstanding $ 460,000
Current yield to maturity on debt 8.50%
Number of shares of common stock 18,000
Price per share $ 66
Book value per share $ 41
Expected rate of return on stock 16.00%
What is its WACC?
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