practical financial management

Project Description:

question 1
based on the information below, calculate the weighted average cost of capital. you must show all of your work…
great corporation has the following capital situation.
debt: one thousand bonds were issued five years ago at a coupon rate of 11%. they had 20-year terms and $1,000 face values. they are now selling to yield 9%. the tax rate is 37%
preferred stock: two thousand shares of preferred are outstanding, each of which pays an annual dividend of $7.50. they originally sold to yield 15% of their $50 face value. they're now selling to yield 11%.
equity: great corp has 108,000 shares of common stock outstanding, currently selling at $18.48 per share. use the risk premium approach and assume a 3% risk premium
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