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A firm just paid $1 per share as dividend and it has a beta of 1.3. The return on risk- free asset is 2%, and

A firm just paid $1 per share as dividend and it has a beta of 1.3. The return on risk- free asset is 2%, and the expected market return is 10%. What is the cost of equity? 10.99% 11.95% 12.40% 13.63%

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