What is the firm wacc

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Bob's is a retail chain of specialty hardware stores. The firm has 19,000 shares of stock outstanding that are currently valued at $66 a share and provide a 13.4 percent rate of return. The firm also has 600 bonds outstanding that have a face value of $1,000, a market price of $1,064, and a 6 percent coupon. These bonds mature in 8 years and pay interest semiannually. The tax rate is 24 percent. What is the firm's WACC?

Reference no: EM133003086

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