Suppose Microsoft has no debt and a WACC of 9.2%. The average debt-to-value ratio for the software
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Suppose Microsoft has no debt and a WACC of 9.2%. The average debt-to-value ratio for the software industry is 8.6%. What would be its cost of equity if it took on the average amount of debt for its industry at a cost of debt of 6.1%?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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