FDR Industries Has 50 Million Shares of Stock Outstanding Selling

question 42

Multiple Choice

FDR Industries has 50 million shares of stock outstanding selling at $30 per share and an issue of $200 million in 9.5 percent, annual coupon bonds with a maturity of 10 years, selling at 97 percent of par ($1,000) . If FDR's weighted average tax rate is 21 percent and its cost of equity is 16 percent, what is FDR's WACC?

• A) 12.75 percent
• B) 15.07 percent
• C) 14.88 percent
• D) 15.11 percent

Identify and analyze the components of a sentence's structure.

Recognize and utilize the concepts of subjects and verbs in sentence construction.

Enhance grammatical accuracy in identifying subjects and verbs in complex sentences.

Develop an understanding of verb tenses and their correct usage in sentences.

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