Denver Interiors has 60,000 shares of common stock outstanding at a price per share of...
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| Denver Interiors has 60,000 shares of common stock outstanding at a price per share of $46. The firm also has 20,000 shares of preferred stock outstanding at a price per share of $55. There are 1,500 outstanding bonds with a face value of $1,000 and a price quote of 99.4. What is the capital structure weight of the preferred stock? |
18.87 percent
21.38 percent
21.09 percent
20.56 percent
3.
| Meiston Press has a debt-equity ratio of 1.40. The pre-tax cost of debt is 8.80 percent and the cost of equity is 13.7 percent. What is the firms weighted average cost of capital (WACC) if the tax rate is 34 percent? |
11.13 percent
9.88 percent
9.10 percent
10.25 percent
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