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QUESTION 19 When is the cost of capital for a company as a whole, a valid measure of the cost of capital for an individual

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QUESTION 19 When is the cost of capital for a company as a whole, a valid measure of the cost of capital for an individual project? When market data are not available. When it is not practicable to estimate the cost of capital of individual projects. When the risk of the new project is the same as the risk of the firm's existing projects. When the CAPM is used as an ex post model. Never

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