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A firm has a beta of 1.2 times. The market return is 10 percent and the risk-free rate of return equals 6 percent. The estimated

A firm has a beta of 1.2 times. The market return is 10 percent and the risk-free rate of return equals 6 percent. The estimated cost of retained earnings is ________. Select one: a. 7.2 percent b. 10.8 percent c. 14 percent d. 15.6 percent

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