The Tee Company Has Total Assets of $20,000 and Total

question 34

Multiple Choice

The Tee Company has total assets of $20,000 and total debt of $8,000. The yield-to-maturity on its bonds is 9%. The cost of capital with no debt is 15%. The tax rate is 34%. What is the WACC?

• A) 8.64%
• B) 10.58%
• C) 10.88%
• D) 11.39%
• E) 12.96%

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Definitions:

Thanking Others

The act of expressing gratitude or appreciation to someone for their actions, support, or presence.

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