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Butcher Timber Company hired your consulting firm to help them estimate the cost of equity. The yield on the firm's bonds is 5.9%, and your

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Butcher Timber Company hired your consulting firm to help them estimate the cost of equity. The yield on the firm's bonds is 5.9%, and your firm's economists believe that the cost of equity can be estimated using a risk premium of 3.9% over a firm's own cost of debt. An estimate of the firm's cost of equity from retained earnings - %. Show 1 decimal. E.8. 9.9%

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