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The Two Dollar Store has a cost of equity of 1 1 . 7 percent, the YTM on the company's bonds is 6 . 3

The Two Dollar Store has a cost of equity of 11.7 percent, the YTM on the company's bonds is 6.3 percent, and the tax rate is 23 percent. If the company's debt-equity ratio is .52, what is the weighted average cost of capital?
Multiple Choice
9.98%
9.36%
7.51%
8.19%
7.19%

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