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Assignment 5 Ch 10 COST OF COMMON EQUITY Percy Motors has a target capital structure of 40% debt and 60% commo equity, with no preferred

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Assignment 5 Ch 10 COST OF COMMON EQUITY Percy Motors has a target capital structure of 40% debt and 60% commo equity, with no preferred stock. The yield to maturity on the company's outstanding bonds is 9%, and its tax rate is 40% Percy's CFO estimates that the company's WACC is 9.96%. What is Percy's cost of common equity

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