Here is some information about Stokenchurch Inc.: Beta of common stock = 0.2 Treasury bill rate =

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Here is some information about Stokenchurch Inc.:

Beta of common stock = 0.2

Treasury bill rate = 0.19%

Market risk premium = 8.71%

Yield to maturity on long-term debt = 3.51%

Preferred stock price = $37

Preferred dividend = $3 per share

Book value of equity = $150 million

Market value of equity = $463 million

Long-term debt outstanding = $246 million

Shares of preferred stock outstanding = 3.9 million

Corporate tax rate = 21%

What is the company's WACC?

Related Book For answer-question

Intermediate Financial Management

ISBN: 9780357516669

14th Edition

Authors: Eugene F Brigham, Phillip R Daves

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Posted Date: Sep 19, 2023 10:20 AM

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Here is some information about Stokenchurch Inc.: Beta of common stock = 0.2 Treasury bill rate =

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Given information Beta of common stock 02 Treasury bill rate 019 Market risk premium 871 Yield to ma... View the full answer

Intermediate Financial Management

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