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A company's common stock has a beta of 1.4. If the risk-free rate is 3 percent and the expected return on the market is 15

A company's common stock has a beta of 1.4. If the risk-free rate is 3 percent and the expected return on the market is 15 percent, what is the company's cost of equity capital? (Do not round your intermediate calculations.) Multiple Choice 24% 18.81% 19.8% 20.59% 20.79%

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