Which of the following best explains what happens when a company or government issues bonds? a. the company or government pays bondholders to provide a specific good or service. b. the company or government goes into debt to those who purchase the bonds. c. the company or government sells a partial interest in its enterprise to bondholders. d. the company or government can spend money that doesn't yet exist. 2b2t

Western electric has 32,000 shares of common stock outstanding at a price per share of $79 and a rate of return of 13.00 percent. the firm has 7,300 shares of 7.80 percent preferred stock outstanding at a price of $95.00 per share. the preferred stock has a par value of $100. the outstanding debt has a total face value of $404,000 and currently sells for 111 percent of face. the yield to maturity on the debt is 8.08 percent. what is the firm's weighted average cost of capital if the tax rate is 39 percent?