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

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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 1
10 David Ortiz Motors Has A Target Capital Structure Of 40 Debt And 60 Equity The Yield To Maturity On The Company S 1 (18.63 KiB) Viewed 42 times
10. David Ortiz Motors has a target capital structure of 40% debt and 60% equity. The yield to maturity on the 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?
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