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the explicit costs, such as .........(see in the pic) The explicit costs, such as the legal expenses, associated with corporate default are classified as _

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The explicit costs, such as the legal expenses, associated with corporate default are classified as _ costs. Unlevered beta conversion direct bankruptcy indirect bankruptcy flotation XYZ, Inc., has an unlevered cost of capital of 11 percent, a cost of debt of 7 p a tax rate of 40 percent. What is the cost of equity if the debt-equity ratio is 0.5

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