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You are given the following information for Golden Fleece Financial: Long-tern debt outstanding! Current yield to maturity (debt) Number of shares of common stock Price

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You are given the following information for Golden Fleece Financial: Long-tern debt outstanding! Current yield to maturity (debt) Number of shares of common stock Price per share Book value per share: Expected rate of return on stock (Fequity) $340,000 68 12,000 $ 50.40 29 131 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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