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Calculate the cost of equity for a firm with 10 year 7% coupon rate payable semiannually bond selling at 86% of par value of $1,000,

Calculate the cost of equity for a firm with 10 year 7% coupon rate payable semiannually bond selling at 86% of par value of $1,000, debt/equity ratio of 50%, tax rate of 35% and weighted average cost of capital of 10.58%

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