Question
The common stock of Duke Power and Light has a beta of 0.80. The Treasury bill rate is 5 percent and the market risk premium
The common stock of Duke Power and Light has a beta of 0.80. The Treasury bill rate is 5 percent and the market risk premium is 9 percent. Duke Power and Light is in the 28% tax bracket. What is their cost of equity capital?
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Adventure Finance
Authors: Aunnie Patton Power
1st Edition
3030724271, 978-3030724276
