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Firm X is calculating its WACC and wants to determine its cost of debt. It has...

Firm X is calculating its WACC and wants to determine its cost of debt. It has 15 year 12% annual coupon bond selling for $1152.12. What is the after tax cost of debt used in calculation of WACC? (T= 40%)

Its preferred stock which has $10 dividend per share is currently selling for $90.91. What is rate of preferred stock (kp)?

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