Question: Question 20 5 pts WACC problem: calculate the required return for common stock. Bonds Loan Other Info Common Stock 1 million shares outstanding 8% bonds

Question 20 5 pts WACC problem: calculate the required return for common stock. Bonds Loan Other Info Common Stock 1 million shares outstanding 8% bonds $3.8 million loan T-bill rate = 3% Beta = 1.6 APR = 7.5% with annual compounding S&P500 return = 8% 10,000 bonds outstanding YTM = 9% 6 years left Semi-annual bonds Tax rate = 35% Last dividend - $1.40 Growth rate = 7% When solving, do not round intermediate values. Answer in percentage form, without the % sign, rounded to two decimal places (e.g. 9.25)

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