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Business, 21.08.2019 02:30 andrewjschoon2876

Delta lighting has 24,500 shares of common stock outstanding at a market price of $19 a share. this stock was originally issued at $21 per share. the firm also has a bond issue outstanding with a total face value of $250,000 which is selling for 94 percent of par. the cost of equity is 12.6 percent while the aftertax cost of debt is 5.8 percent. the firm has a beta of 1.33 and a tax rate of 23 percent. what is the weighted average cost of capital?

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Delta lighting has 24,500 shares of common stock outstanding at a market price of $19 a share. this...
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