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Business, 27.08.2021 01:00 veronicacalyn

ABC Inc. borrows money at 9%, sells bonds at 7%, and the purchasers of common stock require 15% rate of return. If the company has borrowed $40 million, sold $60 million in bonds, and sold $100 million worth of common stocks, what is the Weighted Average Cost of Capital (WACC)

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