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Business, 23.04.2021 16:20 ElDudoso

Upton Umbrellas has a cost of equity of 12.4 percent, the YTM on the company's bonds is 5.9 percent, and the tax rate is 40 percent. The company's bonds sell for 103.8 percent of par. The debt has a book value of $432,000 and total assets have a book value of $960,000. If the market-to-book ratio is 2.98 times, what is the company's WACC

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Upton Umbrellas has a cost of equity of 12.4 percent, the YTM on the company's bonds is 5.9 percent,...
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