THE COST OF CAPITAL: SOME ISSUES

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  • NIGEL DEWS

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      Reserve Bank of Australia. I am extremely grateful to Warwick McKibbin and Eric Siegloff for invaluable assistance with this paper. Also, I wish to thank Adrian Blundell-Wignall for helpful comments, and Michael Andersen for calculating Tobin's q. I also thank Marion Saddington for helpful production assistance. The views expressed in this paper are those of the author and do not necessarily reflect the views of the Reserve Bank.


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