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

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Cost of equity: SML. Stan is expanding his business and will soll common stock for the needed funds. If the current risk free rato is 2.8% and the expected man return is 8.8% a. What is the cost of equity for Stan if the beta of the stock is 0 532 % (Round to two decimal places.)

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