Douglass amp frank has a debt-equity ratio of 039 the, Ask an Expert

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Douglass & Frank has a debt-equity ratio of 0.39. The pre-tax cost of debt is 4.8 percent while the unlevered cost of capital is 11.6 percent. What is the cost of equity if the tax rate is 33 percent? Express your answer as a percent , with at least two digits to the right of the decimal. Do not include the percent sign, or any punctuation other than the decimal.

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Category:- Financial Management
Reference No.:- M92718120

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