Which of the following is most INCORRECT? a) New equity capital raised by reinvesting earnings...
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Finance
Which of the following is most INCORRECT?
a) New equity capital raised by reinvesting earnings does not have a cost.
b) Preferred stock is a capital component for the WACC Estimation.
c) Many analysts use yield on a 10 or 20 year treasury bonds as the risk-free rate.
d) Long-term debt is a capital component for the WACC Estimation.
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