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Use the following information about Fox Corp. for problems 7-11. Common stock: 5,000 shares outstanding, $85 per share. Fox will pay a dividend of $1.20
Use the following information about Fox Corp. for problems 7-11. Common stock: 5,000 shares outstanding, $85 per share. Fox will pay a dividend of $1.20 next year and this dividend is expected to grow at 5% per year. Bonds: 3,000 bonds outstanding, with a 3% coupon paid semiannually, 3 years to maturity, and a market price of $996 per bond. Preferred Stock: 500 shares outstanding with annual dividends of $4.00, currently selling at $75. Fox Corp.'s marginal tax rate is 25%. uestion 7 (1 point) . What is Fox Corp's Weight of Equity
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