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Cost of equity: SML . Stan is expanding his business and will sell common stock for the needed funds. If the current risk - free

Cost of equity: SML. Stan is expanding his business and will sell common stock for the needed funds. If the current risk-free rate is 5.3% and the expected market return is 12.4%, what
is the cost of equity for Stan if the beta of the stock is
a.0.57?
b.0.89?
c.1.04?
d.1.44?
%(Round to two decimal places.)
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