Calculate the company cost of capital

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Reference no: EM133269849

Question - The following table presents information for Golden Fleece Financial.

Long-term debt outstanding $360,000

Current yield to maturity on debt 8.00%

Number of shares of common stock 13,000

Price per share $56

Book value per share $31

Expected rate of return on stock 15.00%

Required - Calculate the company cost of capital.

Reference no: EM133269849

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