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Assume that the Treasury bill rate is 4.5% and the expected return on the market stays at 8.75%. Use the following information: Stock Beta ()

Assume that the Treasury bill rate is 4.5% and the expected return on the market stays at 8.75%. Use the following information:

Stock Beta ()
Apple 1.46
Nike 0.39

What is the investors' required cost of capital for the riskier stock? (Round answer to 2 decimals) show all work

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