Question
Thorstein Company has a targeted capital structure of 45% debt, 5% preferred stock, and 50% common equity. The company's cost of debt is 8.5%, preferred
a. 8.7%
b. 9.4%
c. 11.9%
d. 12.2%
e. 19.9%
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
6th edition
1305637100, 978-1305637108
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