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You are given the following information for Golden Fleece Financial: Long-term debt outstanding Current yield...

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Finance

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You are given the following information for Golden Fleece Financial: Long-term debt outstanding Current yield to maturity (rdeb): Number of shares of common stock Price per share: Book value per share: Expected rate of return on stock (equity $330,000 796 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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