how to ungear cost of equity

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August 12, 2017 at 3:02 pm #401590
ibeekay
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Reference to June 2013, question 1, kindly explain how 11% was gootten as the ungeared cost of equity. Thanks
August 12, 2017 at 4:24 pm #401602
John Moffat
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They used the first formula that is given on the formula sheet!!
(M&M’s proposition 2 (with tax))
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