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TGC Company hired your consulting firm to help them estimate the cost of equity. The yield on the firm's bonds is 8.55%, and your firm's

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TGC Company hired your consulting firm to help them estimate the cost of equity. The yield on the firm's bonds is 8.55%, and your firm's economists believe that the cost of equity can be estimated using a risk premium of 5.07% over a firm's own cost of debt. What is an estimate of the firm's cost a of equity from retained earnings? 0 3.48% 0 4.33% 0 16,86% 5.9396 13.62%

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