Business
Business, 27.11.2019 20:31, wafflewarriormg

Patton paints corporation has a target capital structure of 40% debt and 60% common equity, with no preferred stock. its before-tax cost of debt is 12%, and its marginal tax rate is 40%. the current stock price is p0 = $22.50. the last dividend was d0 = $2.00, and it is expected to grow at a 7% constant rate. what is its cost of common equity and its wacc?

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Patton paints corporation has a target capital structure of 40% debt and 60% common equity, with no...

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