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The following table presents information for Golden Fleece Financial. Long-term debt outstanding Current yield to maturity on debt Number of shares of common stock Price
The following table presents information for Golden Fleece Financial. 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 $ 440,000 13.42 X Answer is complete but not entirely correct. Cost of capital % 9.00% 17,000 $ 64 Calculate the company cost of capital. Note: Ignore taxes. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. $39 18.00%
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