Business, 16.06.2021 15:40 srshelton

44.40 7.20 28.08 cost of common stock Milner Sisters has 25,000 shares of common stock outstanding at a market price of $48 a share. The common stock just paid a $2.20 annual dividend and has a growth rate of 2.5 percent. There are 12,000 shares of 6 percent preferred stock outstanding at a market price of $62 a share. The outstanding bonds mature in 13 years, have a total face value of $750,000, a face value per bond of $1,000, and a market price of $1,011.92 each. The bonds pay 7 percent interest, semiannually. The tax rate is 34 percent. What is the firm's weighted average cost of capital

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44.40 7.20 28.08 cost of common stock Milner Sisters has 25,000 shares of common stock outstanding a...

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