Prudent Corp. has $16,100$ shares of common stock outstanding at a price per share of $$81$ and a rate of return of $11\mathrm{.}85\%.$ The company also has $340$ bonds outstanding, with a par value of $$2,000$ per bond. The pre$-$tax cost of debt is $6\mathrm{.}25\%,$ the bonds sell for $99\%$ of par, and the tax rate is $21\%.$ What is the company's WACC $?$

Answer rating: 100% (QA)

Answer So the ... View the full answer