Question: please dont copy from the other ans , and if i can copy to my docs that will be much appriciated ! Chapter 13 QP
please dont copy from the other ans , and if i can copy to my docs that will be much appriciated !
Chapter 13 QP 11 Finding the WACC Given the following information for Huntington Power Co., find the WACC. Assume the company's tax rate is 21 percent. Debt: 17,000 4.9 percent coupon bonds outstanding, $2,000 par value, 20 years to maturity, selling for 105 percent of par; the bonds make semiannual payments. Common stock: 425,000 shares outstanding, selling for $67 per share; the beta is.88. Market: 7 percent market risk premium and 3.5 percent risk-free rate
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