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J. Peterman Catalog has no preferred stock. It is made up of 30% debt and 70% common equity. Peterman has a cost of debt of
J. Peterman Catalog has no preferred stock. It is made up of 30% debt and 70% common equity. Peterman has a cost of debt of 3% and a cost of equity of 11%. Assuming no taxes, what is the cost of capital?
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