Ripple Wine Merchants has 1 0 , 7 0 0 shares of stock outstanding at a price
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Question:
Ripple Wine Merchants has shares of stock outstanding at a price per share of $ The risk free rate is and the expected market return is Ripple has a beta of The company also has bonds outstanding, with s par value of $ per bond. The after tax cost of debt is and the bonds sell for of par. What is the firms WACC if the tax rate is
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