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Business, 15.12.2021 01:00 rayisaiah3

delta lighting has 30,000 shares of common stock outstanding at a market price of $15 a share. this stock was originally issued at $31 per share. the firm also has a bond issue outstanding with a total face value of $280,000 which is selling for 86 percent of par. the cost of equity is 13 percent while the aftertax cost of debt is 6.9 percent. the firm has a beta of 1.48 and a tax rate of 30 percent. what is the weighted average cost of capital?

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delta lighting has 30,000 shares of common stock outstanding at a market price of $15 a share. this...
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