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The following table presents information for Golden Fleece Financial. Long-term debt outstanding $330,000 Current yield to maturity on debt Number of shares of common stock
The following table presents information for Golden Fleece Financial. Long-term debt outstanding $330,000 Current yield to maturity on debt Number of shares of common stock 11,500 Price per share 53 Book value per share $ 28 Expected rate of return on stock 15.00% Calculate the company cost of capital. (Ignore taxes. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Cost of capital % 8.00%
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