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ABC Company has debt with a yield to maturity of 7%, a cost of common stock of 13%, and a cost of preferred stock 9%. The market values of its debt, preferred stock, and common stock are $10 millions. $3 millions, and $15 million, respectively, and its tax rate is 40%. What is this firm's WACC?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M91611160

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