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The following table presents information for Golden Fleece Financial. Long-term debt outstanding $ 370,000 Current yield to maturity on debt 8.50% Number of shares of
The following table presents information for Golden Fleece Financial. Long-term debt outstanding $ 370,000 Current yield to maturity on debt 8.50% Number of shares of common stock 13,500 Price per share $ 57 Book value per share $ 32 Expected rate of return on stock 16.00% Calculate the company cost of capital
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