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Amgen Inc. ( AMGN ) , a biotechnology firm, wants to estimate its cost of equity. Its bond yield to maturity is 4 % .

Amgen Inc.

(

AMGN

),

a biotechnology firm, wants to estimate its cost of equity. Its bond yield to maturity is

4 % .

If inflation is

3 %

and the equity market risk premium is

5 %,

what is an estimated cost of equity for AMGN?

Not enough information

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