Question: Will rate for quick and correct answer! Suppose PayPal (PYPL) has no debt and an equity cost of capital of 9.2%. The average debt-to-value ratio

Will rate for quick and correct answer!

Will rate for quick and correct answer! Suppose PayPal (PYPL) has no

Suppose PayPal (PYPL) has no debt and an equity cost of capital of 9.2%. The average debt-to-value ratio for the credit services industry is 15%. 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%? The cost of equity is %. (Round to two decimal places.)

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