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14. You are given the following information for Golden Fleece Financial: Long-term debt outstanding: Current yield to maturity (rdebt): Number of shares of common stock:

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14. You are given the following information for Golden Fleece Financial: Long-term debt outstanding: Current yield to maturity (rdebt): Number of shares of common stock: Price per share: Book value per share: 450,000 8% 17,500 50.5 29 Expected rate of return on stock (requity): 15% Calculate Golden Fleece's company cost of capital. Ignore taxes

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