toyo Manufacturing has 1,000,000 shares of common stock outstanding at a market price of $40.20 a share. Last month, the company paid an annual dividend in the amount of $2.34 per share. The dividend growth rate is 3%. Toyo Manufacturing also has 25,000 bonds outstanding with a face value of $1,000 per bond. The bonds carry a 6% coupon, pay interest annually, and mature in 10 years. The bonds are selling at 98% of face value. The company's tax rate is 34%. What is Toyo Manufacturing's weighted average cost of capital?
      
 

Answer rating: 100% (QA)

Certainly I can help you calculate Toyo Manufacturings weighted average cost of capital WACC Heres the breakdown Given information Total shares outsta... View the full answer