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The Two Dollar Store has a cost of equity of 11.3 percent, the YTM on the company's bonds is 5.9 percent, and the tax rate
The Two Dollar Store has a cost of equity of 11.3 percent, the YTM on the company's bonds is 5.9 percent, and the tax rate is 21 percent. If the company's debt-equity ratio is .48, what is the weighted average cost of capital?
Multiple Choice
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9.37%
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9.15%
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6.06%
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7.70%
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8.40%
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