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Question: Your firm has the following securities outstanding: common stock (market value $4,500,000; investors demand 17% annual rate of return), preferred stock (market value $1,700,000; current annual yield is 13%), and 20-year bonds (market value $2,200,000; current annual yield is 11%). Find your cost of capital.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
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