Information on Gerken power co. is shown below. Assume that the company’s tax rate is 35 percent….
Information on Gerken power co. is shown below. Assume that the company’s tax rate is 35 percent. Debt 9.000 8 percent coupon bonds outstanding. $1,000 par value, 25 years to maturity, selling for 102 5 percent of par, the bonds make semi-annual payments Common stock 215,000 shares outstanding, selling for $83 50 per share, beta is 1.20 Preferred stock 12,500 shares of 5, 75 percent preferred stock outstanding, currently selling for $97 50 per share Market 7 percent market risk premium and 4 8 percent risk-free rate Required Calculate the company's WACC. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16) Mar 31 2022 10:33 AM
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