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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