Business, 15.04.2020 19:56 vicsmi4573
Assume the market value of Apple’s equity, preferred stock, and debt are $6 billion, $2 billion, and $12 billion, respectively. Apple has a beta of 1.7, the market risk premium is 8%, and the risk-free rate of interest is 3%. Apple’s preferred stock pays a dividend of $4 each year and trades at a price of $40 per share. Apple’s debt trades with a yield to maturity of 8.0%.
What is Apple’s weighted average cost of capital if its tax rate is 30%?
A. 9.95%
B.9.34%
C.10.43%
D.11.38%
Answers: 3
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Assume the market value of Apple’s equity, preferred stock, and debt are $6 billion, $2 billion, and...
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