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You are given the following information for Golden Fleece Financial: Long-term debt outstanding: Current yield to maturity (debt) $370,000 10% Number of shares of
You are given the following information for Golden Fleece Financial: Long-term debt outstanding: Current yield to maturity (debt) $370,000 10% Number of shares of common stocki 13,500 Price per share: $ 50.70 Book value per share: 32 Expected rate of return on stock (requity): 179 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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Principles of Corporate Finance
Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen
10th Edition
9780073530734, 77404890, 73530735, 978-0077404895
