Fdr industries has 50 million shares of stock outstanding, Ask an Expert

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FDR Industries has 50 million shares of stock outstanding selling at $30 per share and an issue of $200 million in 9.5 percent, annual coupon bonds with a maturity of 10 years, selling at 105 percent of par ($1,000). If FDR's weighted average tax rate is 28 percent and its cost of equity is 16 percent, what is FDR's WACC? Please show all work and formulas.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91737604

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