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Chevron (CVX) has the following price history information. Looking back at CVX historical stock prices for the last five trading days, on April 12, 2017, CVX opened at $109.36, traded as high as $109.36 and as low as $108.45, and closed at $108.97. Trading volume was a total of 5.05M shares.
Analyst use the WACC Discount Rate (weighted average cost of capital) to determine Chevron's investment risk. WACC Formula = Cost of Equity (CAPM) * Common Equity + (Cost of Debt) * Total Debt. The result of this calculation is an essential input for the discounted cash flow (DCF) analysis for Chevron.. The WACC calculation uses the higher of Chevron's WACC or the risk free rate, because no investment can have a cost of capital that is better than risk free.