Problem 12-15 Finding the WACC [LO 3] 8,600 7.9 percent coupon bonds outstanding

ID: 2699002 • Letter: P

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Problem 12-15 Finding the WACC [LO 3]

8,600 7.9 percent coupon bonds outstanding, $1,000 par value, 24 years to maturity, selling for 104.5 percent of par; the bonds make semiannual payments.

12,100 shares of 5.80 percent preferred stock outstanding, currently selling for $97.9 per share.

Calculate the WACC. (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)

Information on Janicek Power Co., is shown below. Assume the company%u2019s tax rate is 34 percent.

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Problem 12-15 Finding the WACC [LO 3] 8,600 7.9 percent coupon bonds outstanding

Problem 12-15 Finding the WACC [LO 3] 9,000 8 percent coupon bonds outstanding,

Problem 12-15 Finding the WACC [LO 3] 8,600 7.9 percent coupon bonds outstanding

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