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Current Attempt in Progress Pharoah Industries, common stock has a beta of 1.8. If the current risk-free rate is 5.5 percent and the market risk

Current Attempt in Progress Pharoah Industries, common stock has a beta of 1.8. If the current risk-free rate is 5.5 percent and the market risk premium is 5 percent, what is Pharoah's cost of common stock? (Do not round intermediate calculations. Round answer to 1 decimal place, eg. 15.2\%.) Cost of common stock %

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