Question: Question 30 10 points Save Answer Raymond Mining Corporation has 8.7 million shares of common stock outstanding, 310.000 shares of 6% $100 par value preferred

Question 30 10 points Save Answer Raymond Mining Corporation has 8.7

Question 30 10 points Save Answer Raymond Mining Corporation has 8.7 million shares of common stock outstanding, 310.000 shares of 6% $100 par value preferred stock outstanding, and 147.000 7.50% semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $35 per share and has a beta of 1.35, the preferred stock currently sells for $91 per share, and the bonds have 20 years to maturity and sell for 116% of par. The market risk premium is 7.5%, T-bills are yielding 5%, and Raymond Mining's tax is 30%. The YTM before taxes is 6.104%. What is the WACC? (Enter your answers in whole dollars. Omit % sign in your response.)

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