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    journey67 Posts: 1, Reputation: 1
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    Feb 22, 2012, 07:41 PM
    The weighted-average cost of capital is used as a discount rate because
    The weighted-average cost of capital is used as a discount rate because

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The following tabulation gives earnings per share figures for the Foust Company during the Preceding 10 years. The firm’s common stock, 7.8 million shares outstanding, is now (1/1/03) selling for $65 per share, and the expected dividend at the end of the current year (2003) is 55 percent of the...

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