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A firm uses only debt and equity in its capital structure. The firm's weight of debt is 30%. The firm could issue new bonds at

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A firm uses only debt and equity in its capital structure. The firm's weight of debt is 30%. The firm could issue new bonds at a yield to maturity of 8% and the firm has a tax rate of 35%. If the firm's weighted average cost of capital is 11%, what is the firm's cost of equity

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