Pfd company has debt with a yield to maturity of 70 a cost


Pfd Company has debt with a yield to maturity of 7.0%, a cost of equity of 13.0%, and a cost of preferred stock of 9.0%. The market values of its debt, preferred stock, and equity are $10.0 million, $ 3.0 ?million, and $ 15.0 million, respectively, and its tax rate is 40%.What is this firm's WACC?

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Financial Management: Pfd company has debt with a yield to maturity of 70 a cost
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