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answer is apparently 13.25%. how did they get it? 17. Consider a firm with expected perpetual EBIT of $910, debt with a face and market
answer is apparently 13.25%. how did they get it? 
17. Consider a firm with expected perpetual EBIT of $910, debt with a face and market value of $2,000 paying an 8.5% annual coupon, and an unlevered cost of capital of 12%. If the tax rate is 34%, what is the (levered) cost of equity for the firm? 13.25% Step by Step Solution
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The Palgrave International Handbook Of Basic Income
Authors: Malcolm Torry
1st Edition
3030236137, 978-3030236137
