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胡老师 -- floating costs (level 1)

Hu laoshi,

 

I ask u a question:

 

CFA Level 1 - Reading 45 -Cost of Capital->floating costs: Why Excise 3 added Floating costs 10% to calculate Ks but LOSl said we should not add 4.5% Floating costs into Cost of Equity calculation? Thanks!

还挺难懂得。。。

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