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Business, 25.03.2020 00:08 GracieBling

Burlington Company hired your consulting firm to help them estimate the cost of equity. The yield on the firm's bonds is 7.60%, and your firm's economists believe that the cost of equity can be estimated using a risk premium of 3.65% over a firm's own cost of debt. What is an estimate of the firm's cost of equity from retained earnings? 10.46% 10.85% 11.25% 11.43% 11.59%

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