Cost of Equity tells us what kind of return an equity investor can expect for investing in a given company

- but what about dividends? Shouldn't we factor dividend yield into the formula? - Dividends are

already factored into Beta because Beta describes returns in excess of the market as a whole - and those

returns include dividends

Two companies are exactly the same, but one has debt and one does not - which one will have the

higher WACC - The one without debt will have a higher WACC up t...
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