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Check my work Problem 11-1 Cost of Equity (LG11-3) Diddy Corp, stock has a beta of 1.2, the current risk-free rate is 5 percent, and

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Check my work Problem 11-1 Cost of Equity (LG11-3) Diddy Corp, stock has a beta of 1.2, the current risk-free rate is 5 percent, and the expected return on the market is 13.5 percent What is Diddy's cost of equity? (Round your answer to 2 decimal places.) Cost of equity 1%

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