CIMA F3 Question Answer
A company has:
• $7 million market value of equity
• $5 million market value of debt
• WACC of 9.375%
• Corporate income tax rate of 15%
According to Modigliani and Miller's theory of capital structure with tax, what is the ungeared cost of equity?
CIMA F3 Summary
- Vendor: CIMA
- Product: F3
- Update on: Jul 29, 2025
- Questions: 435
