Afirm has 10% coupon bonds outstanding with YTM of 6.75%. You believe that the cost...
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Accounting
Afirm has 10% coupon bonds outstanding with YTM of 6.75%. You believe that the cost of equity can be estimated using a risk premium of 4.1% overa firm's own cost of debt. What is an estimate of the firm's cost of equity from retained earnings? 10.85% 0 16.75% 5.9% 14.16
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