10. David Ortiz Motors has a target capital structure of 40% debt and 60% equity. The yield to maturity on the company's
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10. David Ortiz Motors has a target capital structure of 40% debt and 60% equity. The yield to maturity on the company's
company's outstanding bonds is 9%, and the company's tax rate is 25%. Ortiz's CFO has calculated the company's WACC as 9.9%. What is the company's cost of equity capital?
10. David Ortiz Motors has a target capital structure of 40% debt and 60% equity. The yield to maturity on the