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You are given the following information on parrothead enterprises Debt: 9 . 6 0 0 7 . 1 % coupon bonds outstanding, with 2 4

You are given the following information on parrothead enterprises
Debt: 9.6007.1% coupon bonds outstanding, with 24 years to maturity and a quotes price of 105.5 these bonds pay interest semiannually and have a par value of 1,000
Common stock: 255,000 shares of common stock selling for $65.10 per share. The sock has a beta of .96 and will pay a dividend of $3.30 next year. The dividend is expected to grow by 5.1% per year indefinitely.
Preferred stock: 8,600 shares of 4.55% preferred stock selling at $94.60 per share. The par value is $100 per share.
Market: 11.4% expected return, risk-free rate of 3.9%, and a 21% tax rate
Calculate the company's WACC

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