Question: answer quickly please my exam is now please 15. Jack's Construction Co. has 80,000 bonds outstanding that are selling at 1000$ per bond. Bonds with

answer quickly please my exam is now please 15. Jack's Construction

answer quickly please my exam is now please

15. Jack's Construction Co. has 80,000 bonds outstanding that are selling at 1000$ per bond. Bonds with similar characteristics are yielding 8.5%. The company also has 4 million shares of common stock outstanding. The stock has a beta of 1.5 and sells for $40 a share. the market free rate is 4% and the market risk premium is 8%. Jack's tax rate is 35%. What is Jack's weighted average cost of capital? * (1 Point) 10.38% 12.50% 11.37% 7.39%

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