Faber Corporation has a target capital structure of 25% bond financing, 15% preferred stock financing,...
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Finance
Faber Corporation has a target capital structure of 25% bond financing, 15% preferred stock financing, and 60% common stock financing. The cost of bonds is 6.5%, the cost of preferred stock is 11%, and the cost of common stock financing is 15%. What is Faber's WACC?
14.02%
10.83%
12.28%
9.00%
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