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Lamey Co. has an unlevered cost of capital of 12.3 percent, a total tax rate of 25 percent, and expected eamings before interest and taxes
Lamey Co. has an unlevered cost of capital of 12.3 percent, a total tax rate of 25 percent, and expected eamings before interest and taxes of $32840. The company has $60,000 in bonds outstanding that sell at par and have a coupon rate of 7.2 percent. What is the cost of equity? O 13.36 percent O 13.78 percent O 14.29 percent 14.07 percent 13.94 percent
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