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15. Suppose stock in A has a beta of.80. The market return rate is 8.8 percent, and the risk-free rate is 6 percent. For stock

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15. Suppose stock in A has a beta of.80. The market return rate is 8.8 percent, and the risk-free rate is 6 percent. For stock A, its last dividend was $0.5 per share, and the dividend is expected to grow at 8 percent indefinitely. The stock currently sells for $80 per share. What is the cost of equity capital using SML method? 8.17% 8.24% 8.32% 8.53% 8.63% Above answers are all not correct

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