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0 . 6 Suppose PepsiCo's stock has a beta of 1 . 1 2 . If the risk - free rate is 2 % and

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Suppose PepsiCo's stock has a beta of 1.12. If the risk-free rate is 2% and the expected return of the market portfolio is 12%, what is PepsiCo's equity cost of capital?
PepsiCo's equity cost of capital is %.(Round to two decimal places.)
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