You are given the following information on Parrothead Enterprises: Debt: 8 , 9 0 0 7 percent
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Question:
You are given the following information on Parrothead Enterprises:
Debt: percent coupon bonds outstanding, with years to maturity and a quoted price of These bonds pay interest semiannually and have a par value of $
Common stock: shares of common stock selling for $ per share. The stock has a beta of and will pay a dividend of $ next year. The dividend is expected to grow by percent per year indefinitely.
Preferred stock: shares of percent preferred stock selling at $ per share. The par value is $ per share.
Market: percent expected return, riskfree rate of percent, and a percent tax rate.
Calculate the company's WACC.
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
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