Question
You decide that the CAPM's estimate of your required return is more accurate than the discount dividend model's or the Fama-French-Carhart's estimate. You currently have
You decide that the CAPM's estimate of your required return is more accurate than the discount dividend model's or the Fama-French-Carhart's estimate. You currently have 10,000 outstanding bonds and 800,000 shares outstanding. Assuming the corporate tax-rate is 35%, what is your company's WACC?
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Valuation The Art and Science of Corporate Investment Decisions
Authors: Sheridan Titman, John D. Martin
3rd edition
133479528, 978-0133479522
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