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Suppose Visa Inc.​ (V) has no debt and an equity cost of capital of 8.8 %....

Suppose Visa Inc.​ (V) has no debt and an equity cost of capital of 8.8 %. The average​ debt-to-value ratio for the credit services industry is 13.4 %. What would its cost of equity be if it took on the average amount of debt for its industry at a cost of debt of 6.4 %​?

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