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Mana Ltd has always paid out all of its earnings as dividends, and hence has no retained earnings. This same situation is expected to persist
Mana Ltd has always paid out all of its earnings as dividends, and hence has no retained earnings. This same situation is expected to persist in the future. The company uses the CAPM to calculate its cost of equity. Its target capital structure consists of ordinary shares, preference shares, and debt. Which of the following events would reduce the weighted average cost of capital
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