Question: Please help me to do it, thank you The Saunders Investment Bank has the following financing outstanding. Debt 20,000 bonds with a coupon rate of

Please help me to do it, thank you  Please help me to do it, thank you The Saunders Investment

The Saunders Investment Bank has the following financing outstanding. Debt 20,000 bonds with a coupon rate of 12 percent and a current price quote of 110; the bonds have 20 years to maturity. 190,000 zero coupon bonds with a price quote of 20.5 and 30 years until maturity. Assume semiannual compounding. Preferred stock: 110,000 shares of 10 percent preferred stock with a current price of $85, and a par value of $100 Common stock: 2,200,000 shares of common stock, the current price is $71, and the beta of the stock is 1.45. The corporate tax rate is 30 percent, the market risk premium is 5 percent, and the risk- free rate is 2 percent. Market What is the WACC for the company? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) WACC

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