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Cardstock Co. has a beta of 1.2. The expected return on the market is 13% and the risk-free rate is 6%. What is Cardstock's cost

Cardstock Co. has a beta of 1.2. The expected return on the market is 13% and the risk-free rate is 6%. What is Cardstock's cost of equity?

Group of answer choices

8.40%

15.60%

14.40%

21.60%

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