Suppose Microsoft has no debt and a WACC of 9.4 % The average debt-to-value ratio...
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Finance
Suppose Microsoft has no debt and a WACC of 9.4 % The average debt-to-value ratio for the software industry is 11.2%. What would be its cost of equity if it took on the average amount of debt for its industry at a cost of debt of 6.4%?
The cost of equity is _________
(Round to two decimal places.)
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