The answers to the two questions are given. I need to know how to get...
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The answers to the two questions are given. I need to know how to get them.
16. Given the following information, what is Angus Corporation's weighted average cost of capital (WACC)? Common Stock: 2 million shares outstanding at $30 per share; stock beta 0.5 Bonds 80,000 bonds outstanding $1,000 face value for each bond 7% semiannual coupon 10 years to maturity Selling at 108.25% of face value Market risk premium: 7% Risk free rate: 5% Tax rate: 34% 17. Your monthly mortgage payment on a 30-year mortgage with a rate of 8.3% compounded monthly is $1100. How much did you borrow? PV 3145, 736.95
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