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RE cllook Pearson Motors has a target capital structure of 30% debt and 70% common equity, with no preferred stock. The yield to maturity on
RE cllook Pearson Motors has a target capital structure of 30% debt and 70% common equity, with no preferred stock. The yield to maturity on the company's outstanding bonds 99, and its tax rate is 25%. Pearson's CFO estimates that the company's WACC is 10,40%. What is Pearson's cost of common equity? Do not round Intermediate calculations. Round your answer to two decimal places 14 Hide Feedback Incorrect
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
