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A- Click here to read the eBook: The Cost of Retained Earnings.rs COST OF COMMON EQUITY Pearson Motors has a target capital structure of 40%

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A- Click here to read the eBook: The Cost of Retained Earnings.rs COST OF COMMON EQUITY Pearson Motors has a target capital structure of 40% debt and 60% common equity, with no preferred stock the yield to maturity on the company's outstanding bonds is 10%, and its tax rate is 40%. Pearson's CFO estimates that the company's WACC is 14,20%. What is Pearson's cost of common equity? Do not found intermediate calculations, Round your answer to two decimal places % Grade k Now Save & Continue Continue without saving

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