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B24&Co stock has a beta of 1.60, the current risk-free rate is 3.10 percent, and the expected return on the market is 10.60 percent. What

B24&Co stock has a beta of 1.60, the current risk-free rate is 3.10 percent, and the expected return on the market is 10.60 percent. What is B24&Co's cost of equity?

20.06%

25.02%

15.10%

15.30%

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