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If the market risk premium is 13%, the yield to maturity on the company's outstanding bonds is 9%, and its tax rate is 40%. Risk

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If the market risk premium is 13%, the yield to maturity on the company's outstanding bonds is 9%, and its tax rate is 40%. Risk premium on the fim's stock over its own bond is 4%. What will be the firm's cost of retained earnings by the bond-yield-plus-risk-premium approach

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