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A stock has a beta of 1.10 and just paid a dividend of $1.40. The expected return on the market is 9.4 percent and T-bills

A stock has a beta of 1.10 and just paid a dividend of $1.40. The expected return on the market is 9.4 percent and T-bills are yielding 1.6%. If the stock is trading at $28.50, what is the cost of equity using CAPM

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