Diddy Corp. stock has a beta of 1.3, the current risk-free rate is 4 percent, and the
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Question:
Diddy Corp. stock has a beta of 1.3, the current risk-free rate is 4 percent, and the expected return on the market is 13.50 percent.
What is Diddys cost of equity?(Round your answer to 2 decimal places.)
Cost of equity: ______%
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