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  "notes": "Section 2-212",
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      "text": "Note: Barra Beta as of May 9, 2005. WACC = Kd * D/(D+E) + Ke * E/(D+E) . (1) Yield on 20-year Treasury Bond as of March 9, 2005. (2) Long-term horizon expected equity risk premium. Source: Ibbotson Associates. (3) Total debt divided by market value of equity. (4) Unlevered Beta = Predicted Beta / (1+ (1-tax)*D/E). (5) Levered Beta = Unlevered Beta * (1+(1-tax)*D/E)). (6) Cost of Equity = Risk-free Rate + (Levered Beta * Market Risk Premium) + Market Capitalization Premium.",
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