In the Data Case in Chapter 5, we suggested using the yield on Florida State bonds to

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In the Data Case in Chapter 5, we suggested using the yield on Florida State bonds to estimate the State of Florida's cost of capital. Why might this estimate overstate the actual cost of capital?

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Corporate Finance

ISBN: 978-0134083278

4th edition

Authors: Jonathan Berk, Peter DeMarzo

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Question Posted: Nov 24, 2016 08:08 AM

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In the Data Case in Chapter 5, we suggested using the yield on Florida State bonds to

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