Question
Suppose Microsoft has no debt and a WACC of 9.4%. If the average debt-to-value ratio for the software industry is 11%, what would its cost
Suppose Microsoft has no debt and a WACC of 9.4%. If the average debt-to-value ratio for the software industry is 11%, what would its cost of equity be if it took on the average amount of debt for its industry at a cost of debt of 5%?
The cost of equity is ____%?
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The Oxford Handbook Of Entrepreneurial Finance
Authors: Douglas Cumming
1st Edition
0195391241, 978-0195391244
