Business, 21.05.2020 03:59 glocurlsprinces

AZ Products has 375,000 shares of common stock outstanding at a market price of $35 a share. Next year's annual dividend is expected to be $1.50 a share and the dividend growth rate is 2 percent. The firm also has 7,500 bonds outstanding with a face value of $1,000 per bond. The bonds have a pretax yield of 7.65 percent and sell at 98.6 percent of face value. The company's tax rate is 34 percent. What is the firm's weighted average cost of capital?

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AZ Products has 375,000 shares of common stock outstanding at a market price of $35 a share. Next ye...

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