The GiN Corp.is expected to pay a dividend 0f $3 which is expected to grow at 2%
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The GiN Corp.is expected to pay a dividend 0f $3 which is expected to grow at 2% for a foreseeable future.The stock of the Gin Cor. is currently selling at a market price of $40. The company recently expanded its operation by issuing 10 year corporate bond at par value($1000)which pays an annual coupon payment of $80.If the debt equity ratio of the company is 0.40 and the corporate tax rate is 30%.What is the weighted average cost of capital of the company.
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