Charlotte's Crochet Shoppe has 15,500 shares of common stock outstanding at a price per share...
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Charlotte's Crochet Shoppe has 15,500 shares of common stock outstanding at a price per share of $79 and a rate of return of 1177 percent. The company also has 320 bonds outstanding, with a par value of $2,000 per bond. The pretax cost of debt is 6.21 percent and the bonds sell for 98.4 percent of par. What is the firm's WACC if the tax rate is 21 percent? Multiple Choice 1031 a 35 o 35
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