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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 rate is 4.5%

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 4.5% and the expected market return is 10.8%, what is the cost of equity for Stan if the beta of the stock is a. 0.61? b. 0.81? c. 1.02? d. 1.23

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