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The document discusses the cost of capital, which is the minimum required rate of return expected on funds committed to a project, and its significance in investment decisions, capital structure, and performance appraisal. It details specific costs of capital for debt, preference shares, and equity, as well as the weighted average cost of capital (WACC) and marginal cost of capital (MCC). Additionally, it explores the term structure of interest rates and theories explaining the yield curve, including liquid
- Author
- Morris Mwangi
- Language
- EN