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a companys bonds have an 8% coupon rate (paid annually), a maturity of 10 years, a face value of $1,000 and price of $900. The
a companys bonds have an 8% coupon rate (paid annually), a maturity of 10 years, a face value of $1,000 and price of $900. The corporate tax is 30%. The risk premium for the equity above the bond yield is 5%. what is the cost of equity?
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