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DCM trades on the PSE with a market rate of return of 9 percent. The company's stock is slightly more volatile than the market with
DCM trades on the PSE with a market rate of return of 9 percent. The company's stock is slightly more volatile than the market with a beta of 1.5. The risk-free rate based on the three-month T-bill is 4 percent. Based on this information, the cost of the company's common equity financing is 13% 11.5% 9% 4%
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