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Bermuda Cruises issues only common stofk and coupon bonds. The firm has a debt-equity ratio of 79 . The cost of equity is 11.8 percent

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Bermuda Cruises issues only common stofk and coupon bonds. The firm has a debt-equity ratio of 79 . The cost of equity is 11.8 percent and the pretax cost of debt is 6.8 percent. What is the capital structure weight of the firm's equity if the firm's tax rate is 23 percent

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