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The following table presents information for Golden Fleece Financial. Long-term debt outstanding $ 470,000 Current yield...

The following table presents information for Golden Fleece Financial.

Long-term debt outstanding $ 470,000
Current yield to maturity on debt 9.00 %
Number of shares of common stock 18,500
Price per share $ 67
Book value per share $ 42
Expected rate of return on stock 18.00 %

Calculate the company cost of capital.

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jeff jeffy answered 2 years ago
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