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You are given the following information for Golden Fleece Financial: You are given the following information for Golden Fleece Financial: 11 Long-term debt outstanding: Current
You are given the following information for Golden Fleece Financial:
You are given the following information for Golden Fleece Financial: 11 Long-term debt outstanding: Current yield to maturity (rdebt): Number of shares of common stock: Price per share: Book value per share: Expected rate of return on stock (requity): $460,000 9% 18,000 $ 50.60 $ 30 16% Skipped Calculate Golden Fleece's 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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