You are given the following information for Golden Fleece Financial: Long-term debt outstanding: Current yield...
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Finance
You are given the following information for Golden Fleece Financial: Long-term debt outstanding: Current yield to maturity (rdebt): $330,000 7% Number of shares of common stock: Price per share: Book value per share: Expected rate of return on stock (reguity): 11,500 $ 50.30 28 14% Calculate Golden Fleece's company cost of capital. Ignore taxes. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) % Cost of capital
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