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CCC Corp has a beta of 1.5 and is currently in equilibrium. The required rate of return on the stock is 12.90% versus a required

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CCC Corp has a beta of 1.5 and is currently in equilibrium. The required rate of return on the stock is 12.90% versus a required return on an average stock of 10.00%. Now the required return on an average stock increases by 20.0% (not percentage points). Neither betas nor the risk- free rate change. What would CCC's new required return be? Do not round your intermediate calculations. O a. 18.00% b. 15.48% O c. 15.90% d. 12.00% O e. 14.90%

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