the saunders investment bank has the following financing outstanding. debt: 58,000 bonds with a coupon rate of 5.4 percent and a current price quote of 106.7; the bonds have 13 years to maturity and a par value of $1,000. 18,500 zero coupon bonds with a price quote of 21.2, 29 years until maturity, and a par value of $10,000. both bonds have semiannual compounding. preferred stock: 153,000 shares of 3.1 percent preferred stock with a current price of $86 and a par value of $100. common stock: 2,260,000 shares of common stock; the current price is $90 and the beta of the stock is 1.10. market: the corporate tax rate is 23 percent, the market risk premium is 7.4 percent, and the risk-free rate is 3.3 percent. what is the wacc for the company? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)



Answer :

Other Questions