The coupon rate is 9 semiannual coupons and there are 10


Spartan Machinery stock trades at $60 per share with a beta of 1.5, an estimated market return of 12%, and a risk free rate of 5%. There are 20 million shares outstanding. The company has bonds with a face value $1 billion outstanding and a current quote of 98. The coupon rate is 9% (semiannual coupons) and there are 10 years to maturity. The company has a tax rate of 38%. What is the WACC?

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Basic Computer Science: The coupon rate is 9 semiannual coupons and there are 10
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