Question: pls help asap! show calculations in writting 10 points Save Answer Raymond Mining Corporation has 9.2 million shares of common stock outstanding, 360,000 shares of
pls help asap! show calculations in writting
10 points Save Answer Raymond Mining Corporation has 9.2 million shares of common stock outstanding, 360,000 shares of 5% $100 par value preferred stock outstanding, and 157,000 7.50% semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $40 per share and has a beta of 1.60, the preferred stock currently sells for $96 per share, and the bonds have 15 years to maturity and sell for 111% of par. The market risk premium is 8.0%, T-bills are yielding 5%, and Raymond Mining's tax is 40%. The YTM before taxes is 6.352% What is the WACC? (Enter your answers in whole dollars. Omit % sign in your response.)
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