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XYZ Corp. has bonds outstanding with a coupon rate of 2 % and a YTM of 5 . 7 % . The risk - free

XYZ Corp. has bonds outstanding with a coupon rate of 2% and a YTM of 5.7%. The risk-free rate of return is 2.2% and the market is returning 10.0%. The stock has a beta of 0.9 and the firm is financed with 45% debt and 55% equity. If the tax rate is 24%, what is XYZs WACC?

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