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Aluminum maker Alcoa ha a beta of about 1.59, whereas Hormel Foods has a beta of 1.75. If the expected excess return of the market

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Aluminum maker Alcoa ha a beta of about 1.59, whereas Hormel Foods has a beta of 1.75. If the expected excess return of the market portfolio is 5% which of these firms has a higher equity cost of capital, and how much higher is it? The firm that has the higher equity cost of capital is by %

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