Question
Booher Book Stores has a beta of 0.. The yield on a 3-month T-bill is 5% and the yield on a 10-year T-bond is %.
Booher Book Stores has a beta of 0.. The yield on a 3-month T-bill is 5% and the yield on a 10-year T-bond is %. The market risk premium is 6.5%, and the return on an average stock in the market last year was 13%. What is the estimated cost of common equity using the CAPM? Round your answer to two decimal places.
______%
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
