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Use the following information to answer the question(s) below. Galt Industries has no debt, total equity capitalization of $679 million, and an equity beta
Use the following information to answer the question(s) below. Galt Industries has no debt, total equity capitalization of $679 million, and an equity beta of 1.2. Included in Galt's assets is $99 million in cash and risk-free securities. Assume the risk-free rate is 5% and the market risk premium is 6%. Galt's WACC is closest to (%) (2 decimal places):
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Financial Statements
Authors: Inc. BarCharts
1st Edition
1423223837, 978-1423223832
