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You are given the following information for Lighting Power Company. Assume the companys tax rate is 25 percent. Debt: 20,000 6.9 percent coupon bonds outstanding,
You are given the following information for Lighting Power Company. Assume the companys tax rate is 25 percent. Debt: 20,000 6.9 percent coupon bonds outstanding, $1,000 par value, 23 years to maturity, selling for 109 percent of par; the bonds make semiannual payments. Common stock: 530,000 shares outstanding, selling for $71 per share; the beta is 1.19. Preferred stock: 23,500 shares of 4.7 percent
What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
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