Here is some information about Stoke church Inc.: Beta of common stock = 1.2 Treasury bill rate

Question:

Here is some information about Stoke church Inc.: Beta of common stock = 1.2

Treasury bill rate = 4%

Market risk premium = 7.5%

Yield to maturity on long-term debt = 6%

Book value of equity = $440 million

Market value of equity = $880 million

Long-term debt outstanding = $880 million

Corporate tax rate = 35%

What is the company's WACC?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...