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kramer snack company uses the capital asset pricing model to estimate its weighted average cost of capital. the beta is 1.15, the risk free rate

kramer snack company uses the capital asset pricing model to estimate its weighted average cost of capital. the beta is 1.15, the risk free rate is 2% and return on portfolio is 9%. KSC has 25% of its capital from bond iszue and 75% from stock issue. the yield on bond is 5%.determine the weighted cost of capital. (ignore taxes)

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