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Business, 26.11.2019 01:31 AndiLizzi

Haslem, inc. has 3 million shares of common stock outstanding, 1 million shares of preferred stock, and 80,000 bonds. the common stock is selling for $50 per share, the preferred stock is selling for $33 per share, and the bonds are 25 year, 8.5%, $1,000 bonds that are presently selling for $1,080 (semiannual interest). the preferred stock pays an annual dividend of $2.70, and the common dividend paid in the year just ended was $2.40. the dividend on the common stock is projected to grow at a rate of 6% indefinitely. what is haslem’s weighted average cost of capital, given the tax rate is 33%?

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Haslem, inc. has 3 million shares of common stock outstanding, 1 million shares of preferred stock,...
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