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ABC has debt with both a face and a market value of $35,000. This debt has a coupon rate of 66 percent and pays interest

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ABC has debt with both a face and a market value of $35,000. This debt has a coupon rate of 66 percent and pays interest annually. The expected earnings before interest and taxes are 18.300, the tax rate is 21 percent, and the unlevered cost of capitalis 10.9 percent. What is the cost of equity? 15.14 percent 14.56 percent 12.46 percent 12.87 percent 13.59 percent

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