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PLEASE WORK WITH NO EXCEL ABC Inc operates in a world of perfect capital markets, has no debt, and has a required rate of return

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PLEASE WORK WITH NO EXCEL
ABC Inc operates in a world of perfect capital markets, has no debt, and has a required rate of return on equity of 10%. Assume the firm issues new debt with a required return of 5% to repurchase 30% of the outstanding stock. What is the cost of equity at the conclusion of this transaction

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