19. What is the company WACC if the capital structure is following: 6% preferred shares, 64% bonds and 30% common shares.

Preferred shares pay 4,5% dividends on par 100 and has a market price of 90,00 euros.

Bond has 7 years to maturity, carries 4,6% coupon, payable 2x a year and currently trades at 1099,55 euros.

Stock trade at 12,19 , last dividend was 0,85 and it is expected that dividends grow by 5,5% annually. Correlation coefficient between stock and market is 0,85. German Bu-Bill rate is 0,2% and DAX index last year returned 14%. Companys stock has standard deviation of 20,9% and stock market std deviation was 14,8%.