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Business, 17.12.2019 01:31 tegaoks6843

Wayco industrial supply has a pretax cost of debt of 8.3 percent, a cost of equity of 14.7 percent, and a cost of preferred stock of 8.9 percent. the firm has 165,000 shares of common stock outstanding at a market price of $33 a share. there are 15,000 shares of preferred stock outstanding at a market price of $43 a share. the bond issue has a face value of $750,000 and a market quote of 101. the company's tax rate is 21 percent. what is the weighted average cost of capital?

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Wayco industrial supply has a pretax cost of debt of 8.3 percent, a cost of equity of 14.7 percent,...
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