Question: PLEASE SHOW WORK ON EXCEL ONLY. THANK YOU The Saunders Investment Bank has the following financing outstanding. Debt: 57,000 bonds with a coupon rate of

PLEASE SHOW WORK ON EXCEL ONLY. THANK YOU
The Saunders Investment Bank has the following financing outstanding. Debt: 57,000 bonds with a coupon rate of 5.3 percent and a current price quote of 106.9; the bonds have 12 years to maturity and a par value of $1,000. 18,300 zero coupon bonds with a price quote of 25.3, 29 years until maturity, and a par value of $10,000. Both bonds have semiannual compounding. Preferred 152,000 shares of 3.2 percent preferred stock with a current price of stock: $87 and a par value of $100. Common stock: 2,240,000 shares of common stock; the current price is $89 and the beta of the stock is 1.05. Market: The corporate tax rate is 22 percent, the market risk premium is 73 percent, and the risk-free rate is 3.2 percent. What is the WACC for the company? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC %
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