Shares of common stock outstanding at price

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Suppose a firm has 46 million shares of common stock outstanding at a price of $19.9 per share. The firm also has 300,000 bonds outstanding with a current price of $1033. The outstanding bonds have yield to maturity 10.7%. The firm's common stock beta is 0.7 and the corporate tax rate is 40%. The expected market return is 9% and the T-bill rate is 3%. What is the WACC for this firm?

Reference no: EM131348179

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