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A companys target capital structure consists of 30% debt, 20% preferred stock and 50% common...

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Finance

A companys target capital structure consists of 30% debt, 20% preferred stock and 50% common stock. The yield to maturity on this company bonds is 9%, the cost of preferred stock is 11% and the cost of retained earnings is 19%. The tax rate of this company is 40%. What is the WACC of this company?

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