Novis corporation has a cost of debt of 7 a cost of equity, Financial Management

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Novis corporation has a cost of debt of 7 a cost of equity

Novis Corporation has a cost of debt of 7%, a cost of equity of 11%, and a cost of preferred stock of 8%. The firm has 104,000 shares of common stock outstanding at a market price of $20 a share.

There are 40,000 shares of preferred stock outstanding at a market price of $34 a share. The bond issue has a total face value of $500,000 and sells at 102% of face value. The tax rate is 34%. What is the weighted average cost of capital for Novis Corporation?

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Financial Management: Novis corporation has a cost of debt of 7 a cost of equity

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Financial Management: Novis corporation has a cost of debt of 7 a cost of equity

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