1. HBM, Inc. has the following capital st
s the following capital structure:
Assets
$...
Mathematics, 01.04.2020 05:42 NewKidnewlessons
1. HBM, Inc. has the following capital st
s the following capital structure:
Assets
$400,000
Debt
Preferred stock
Common stock
$140,000
20,000
240,000
The common stock is currently se
mon stock is currently selling for $15 a share, pays a cash dividend of
per share, and is growing annually at 6 percent. The preferred stock pays
y cash dividend and currently sells for $91 a share. The debt pays interest of
0.5 percent annually, and the firm is in the 30 percent marginal tax bracket.
a. What is the after-tax cost of debt?
b. What is the cost of preferred stock?
c. What is the cost of common stock?
d. What is the firm's weighted average cost of capital?
Answers: 3
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