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You've gathered the following information for Holly Corp.: - Current debt-to-equity ratio: 0.6 - Current beta: 0.96 - Risk-free rate: 2% - Expected return on

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You've gathered the following information for Holly Corp.: - Current debt-to-equity ratio: 0.6 - Current beta: 0.96 - Risk-free rate: 2% - Expected return on market portfolio: 8% - Tax rate: 40% Part 1 What is the current cost of equity? Part d What would be the firm's cost of equity if it didn't have any debt

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