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f the firms bonds earn a return of 9.5%, based on the bond-yield-plus-risk-premium approach, what will be cost of equity? Use 4.5% as the risk
f the firms bonds earn a return of 9.5%, based on the bond-yield-plus-risk-premium approach, what will be cost of equity? Use 4.5% as the risk premium. Answer as a percentage with 2 decimals (ex. 16.61).
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