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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 $420,000 8.00% 16,000 $ 62 $ 37 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

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