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Crane Industries common stock has a beta of 1.5. If the market risk-free rate is 3.6 percent and the expected return on the market is

Crane Industries common stock has a beta of 1.5. If the market risk-free rate is 3.6 percent and the expected return on the market is 8.0 percent, what is Cranes cost of common stock? (Round answer to 1 decimal places, e.g. 15.2%.)

Cost of common stock____%

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