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A company's beta is 0 . 9 , the risk - free rate is 5 . 5 percent, and an annualized return of the market

A company's beta is 0.9, the risk-free rate is 5.5 percent, and an annualized return of the market is 8.5 percent. Which of the following is a company's cost of equity using the capital asset pricing model (CAPM) approach?
10.00%
13.15%
8.20%
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