c. If the firms bonds earn a return of 12%, then what would be your estimate of
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c. If the firm’s bonds earn a return of 12%, then what would be your estimate of rs using the over-own-bond-yield-plus-judgmental-risk-premium approach?
(Hint: Use the midpoint of the risk premium range.)
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Financial Management Theory And Practice
ISBN: 9781439078105
13th Edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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