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Calculate the cost of equity for Boston Industries using the following information: The cost of debt is 7%,the corporate tax rate is 40%,the rate on Treasury Bills is 4%,the firm has a beta of 1.1,and the expected return on the market is 12%.
Drawee
The party in a transaction upon whom a check, draft, or bill of exchange is drawn and who is directed to pay.
Unqualified Endorsements
Signatures on a negotiable instrument without any limiting conditions, which transfer full control of the instrument to another party.
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