Question: Click here to read the eBook: Basic Definitions Click here to read the eBook: The Cost of Retained Earnings, rs WACC AND PERCENTAGE OF

Click here to read the eBook: Basic Definitions Click here to read

Click here to read the eBook: Basic Definitions Click here to read the eBook: The Cost of Retained Earnings, rs WACC AND PERCENTAGE OF DEBT FINANCING Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at rd = 11%, and its common stock currently pays a $2.00 dividend per share (Do = $2.00). The stock's price is currently $33.25, its dividend is expected to grow at a constant rate of 9% per year, its tax rate is 35%, and its WACC is 15.35%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places. %

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