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ignore previous work. both parts of the question please The newspaper reported last week that Bradley Enterprises earned $2 per share this year. Bradley retains

ignore previous work. both parts of the question please
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The newspaper reported last week that Bradley Enterprises earned $2 per share this year. Bradley retains each year 60 percent of its earnings to reinvest in the company, where the return on the reinvestment is 12.5 percent. Bradley's stock is currently selling at $32. a. What is Bradley's cost of capital? (5 points)

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