Business
Business, 19.08.2019 18:20, luisgonz5050

Pearson motors has a target capital structure of 35% debt and 65% common equity, with no preferred stock. the yield to maturity on the company's outstanding bonds is 11%, and its tax rate is 40%. pearson's cfo estimates that the company's wacc is 14.80%. what is pearson's cost of common equity?

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