# of securities outstanding Selling price Required rate of return Bonds 1,829 $1,127...
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Accounting
# of securities outstanding
Selling price
Required rate of return
Bonds
1,829
$1,127
9.84%
Preferred Stocks
5,940
$52.52
19.84%
Comon Stocks
1,724
$69.95
16.72%
Garden Tools Inc. has bonds, preferred stock, and common stocks outstanding. The number of securities outstanding, the current market price, and the required rate of return for these securities are stated in the table below. The firms tax rate is 35%. Calculate the firm's WACC adjusted for taxes using the market information in the table
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