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20. You are asked to calculat cost of equity on the following stock. It has a beta of 1.8. Market risk premium is 8% and

20. You are asked to calculat cost of equity on the following stock. It has a beta of 1.8. Market risk premium is 8% and risk free rate is 6%. What is the cost of equity? (Enter your answers a percent rounded to 2 decimal places, leave out % sign, for example, for answer 0.43%, enter 0.43 only)

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