Business
Business, 21.12.2019 04:31, kayliebug2003

You are given the following information for lightning power co. assume the company’s tax rate is 30 percent. debt: 6,000 6.1 percent coupon bonds outstanding, $1,000 par value, 15 years to maturity, selling for 104 percent of par; the bonds make semiannual payments. common stock: 330,000 shares outstanding, selling for $51 per share; the beta is 1.07. preferred stock: 11,000 shares of 4 percent preferred stock outstanding, currently selling for $71 per share. market: 6 percent market risk premium and 4.10 percent risk-free rate. what is the company's wacc?

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