Oxy Corporation uses debt, preferred stock, and common stock to raise capital. The firm's capital...
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Oxy Corporation uses debt, preferred stock, and common stock to raise capital. The firm's capital structure targets the following proportions: debt, 40%; preferred stock, 18%, and common stock, 42%. If the cost of debt is 5.1%, preferred stock costs 9.7%, and common stock costs 12.1%, what is Oxy's weighted average cost of capital (WACC)? GLLL Oxy weighted average cost of capital (WACC) - 11 % (Round to two decimal places)
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