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UZZI Limited shares are trading at a price of R22.50, and their bonds (Par value R1000) are trading at 110% of Par. The firm's target
UZZI Limited shares are trading at a price of R22.50, and their bonds (Par value R1000) are trading at 110% of Par. The firm's target debt ratio is 40% and its ROE IS 22.50%. UZZI recently paid a dividend of R6 per share with earnings per share of R10.00. The firm's bonds mature in 7 years time and currently have a yield to maturity of 15.219. If the company's tax rate is 40%, what is the WACC?(round off to 4 decimal places)
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