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Morales Publishing's tax rate is 4 0 % , its beta is 0 . 8 , and it uses no debt. However, the CFO is
Morales Publishing's tax rate is its beta is and it uses no debt. However, the CFO is considering moving to a capital structure funded by debt, which produces a beta of If the riskfree rate is and the market risk premium is by how much would the capital structure shift change the firm's cost of equity in percent
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