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B24&Co stock has a beta of 1.65, the current risk-free rate is 3.15 percent, and the expected return on the market is 10.65 percent. What

B24&Co stock has a beta of 1.65, the current risk-free rate is 3.15 percent, and the expected return on the market is 10.65 percent. What is B24&Co's cost of equity?

25.92%

20.72%

15.45%

15.53%

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