Business, 18.12.2019 06:31 kornut5536

Consider the following information for evenflow power co., debt: 5,000 6.5 percent coupon bonds outstanding, $1,000 par value, 17 years to maturity, selling for 102 percent of par; the bonds make semiannual payments. common stock: 105,000 shares outstanding, selling for $59 per share; the beta is 1.17. preferred stock: 18,000 shares of 6 percent preferred stock outstanding, currently selling for $105 per share. market: 8.5 percent market risk premium and 5 percent risk-free rate. assume the company's tax rate is 34 percent. what is the company's wacc?

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Consider the following information for evenflow power co., debt: 5,000 6.5 percent coupon bonds out...

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