You are given the following information for Huntington Power Co. Assume the companyâ€™s tax rate is 35 percent. 6,000 7.3 percent coupon bonds outstanding, $1,000 par value, 15 years to maturity, selling for 109 percent of par; the bonds make semiannual payments. What is the Company's WACC?
Â Â Debt: Â Â Â Â Common stock: 450,000 shares outstanding, selling for $63 per share; the beta is 1.06. Â Â Â Â Market: 12 percent market risk premium and 5.3 percent risk-free rate.
You are given the following information for Huntington Power Co. Assume the companyâ€™s tax rate is 35 percent.
6,000 7.3 percent coupon bonds outstanding, $1,000 par value, 15 years to maturity, selling for 109 percent of par; the bonds make semiannual payments.
What is the Company's WACC?
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