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The following table presents information for Golden Fleece Financial. Calculate the company cost of capital. (Ignore taxes. Do not round intermediate calculations. Enter your answer
The following table presents information for Golden Fleece Financial.
Calculate the company cost of capital. (Ignore taxes. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
$500,000 9.00% Long-term debt outstanding Current yield to maturity on debt Number of shares of common stock Price per share Book value per share Expected rate of return on stock 20,000 70 45 ta 18.00%
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