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8. Your firm's stock has a beta of 1.45. The expected market risk premium is 8.3% and the current T-Bill rate is 2.8%. Use the

8. Your firm's stock has a beta of 1.45. The expected market risk premium is 8.3% and the current T-Bill rate is 2.8%. Use the CAPM to estimate the cost of equity. Enter your answer as a decimal and show 4 decimal places. For example, if your answer is 15.55%, enter .1555.

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