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Cyclone Industrial Corp. has a beta of 1.2. The risk-free rate is 3% and the market risk premium is 6%. What is the cost of

Cyclone Industrial Corp. has a beta of 1.2. The risk-free rate is 3% and the market risk premium is 6%. What is the cost of equity based on the CAPM?

Please answer the question in the unit of percent: ______%.

Cyclone Industrial Corp. will pay a constant dividend of $3 indefinitely in the future and its current stock price is $25. Its pre-tax cost of debt is 6%. What is the cost of equity based on the dividend growth model?

Please answer the question in the unit of percent: ______%.

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