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Finding the WACC, Given the following information for Huntington Power CO., find the WACC. Assume...

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Finance

Finding the WACC, Given the following information for Huntington Power CO., find the WACC. Assume the company's tax rate is percent.

,Debt: 17,000 4.9 percent coupon bonds outstanding, $2,000 par value, 20 years to maturity, selling for 105 percent of par; the bonds make semiannual payments.

Common stock: 425,000 shares outstanding, selling for $67 par share; the beta is 0.88.

Market: 7 percent market risk premium and 3.5 percent risk-free rate.

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