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A firm has a cost of equity of 23.66 percent, a before-tax cost of debt of 7.81 percent, and a tax rate of 16 percent.
A firm has a cost of equity of 23.66 percent, a before-tax cost of debt of 7.81 percent, and a tax rate of 16 percent. What is the firms weighted average cost of capital if the proportion of debt is 24%?
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Risk Management And Financial Institution
Authors: John C. Hull
2nd Edition
0136102956, 9780136102953
