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Circle Globes stock has a Beta of 1.09 and a standard deviation of 9.23%. The market risk premium is 8% and the risk-free rate is

Circle Globes stock has a Beta of 1.09 and a standard deviation of 9.23%. The market risk premium is 8% and the risk-free rate is 3.8%. What is the cost of equity? A) 8.38% B) 9.67% C) 12.52% D) 13.42%

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