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20. CJ Co stock has a beta of 0.9, the current risk-free rate '15 5.6, and the expected return on the market is 13 percent.

20. CJ Co stock has a beta of 0.9, the current risk-free rate '15 5.6, and the expected return on the market is 13 percent. What is CJ Co's cost of equity? A. 12.26% B. 12.30% C. 19.50% D. 22.34%

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