Kenny Electric Company's bonds were issued several years ago and now have 20 years to maturity. These bonds have a 15% YTM and sells at a price of $1,075. Company’s cost of common equity is 15% and...


Kenny Electric Company's bonds were issued several years ago and now have 20 years to maturity. These bonds have a 15% YTM and sells at a price of $1,075. Company’s cost of common equity is 15% and cost of preferred equity is 12%. Currently company is financed with 20% debt, 50% common equity and 30% preferred equity. Tax rate is 40%. Calculate WACC?



Jun 02, 2022
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