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USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 9-11 A firm is 70% equity and 30% debt. The firm's marginal tax rate is 40%. Their bonds

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USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 9-11 A firm is 70% equity and 30% debt. The firm's marginal tax rate is 40%. Their bonds trade for $990, mature in nine years, have a par value of $1,000, a coupon rate of 8.00% and pay semi-annually. The firm's common stock trades for $27 and just paid a dividend of $5.00. Dividends are expected to grow at 3% forever. UCULIS _%. 4.4.895 b. 5.090 c. 5.293 d. 5.491 e. 5.698 %. a. 19.632 b. 20.407 c. 21.265 d. 22.074 e. 22.808 11. (1 point) The firm's WACC is % a. 16.062 b. 16.606 c. 17.251 d. 17.847 e. None of the above

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