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Booher Book Stores has a beta of 0.5. The yield on a 3-month T-bill is 3.5% and the yield on a 10 -year T-bond is

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Booher Book Stores has a beta of 0.5. The yield on a 3-month T-bill is 3.5% and the yield on a 10 -year T-bond is 7 . retum on an average stock in the market last year was 14 . What is the estimated cost of common equity using the CapM? Round your answer to two decimal places

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