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( Cost of common stock, retained earnings ) Lemmond, Inc. ' s common stock has a beta coefficient of 1 . 0 . The expected

(Cost of common stock, retained earnings) Lemmond, Inc.'s common stock has a beta coefficient of 1.0. The expected market return of 12% and the risk-free rate of interest is 15.%. What is Lemmond's component cost of common equity?

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