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oundLand has the following capital structure (ignore reserves): Equity: 3 000 000 R1 ordinary shares, market price currently R1, 50 Preference Shares: 2 000 000

oundLand has the following capital structure (ignore reserves): Equity: 3 000 000 R1 ordinary shares, market price currently R1, 50 Preference Shares: 2 000 000 @ R0.50 yielding 10%, market price currently R0.50 Debentures: R1 000 000, 15% debentures, issued at R100, market price currently R 106,00 Bank loan: R1 000 000 15% bank loanCalculate RoundLands Cost of Capital, using the Dividend Growth Model as your basis for valuing equity. (

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