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bu Suppose PayPal (PYPL) has no debt and an equity cost of capital of 92%. The average debt-to-value ratio for the credit services Industry is

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bu Suppose PayPal (PYPL) has no debt and an equity cost of capital of 92%. The average debt-to-value ratio for the credit services Industry is 15% What would its cost of equity be if it took on the average amount of debt for its industry at a cost of debt of 6%? The cost of equity is []% (Round to two decimal places.)

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