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FINA has a debt-to-equity ratio of 0.6 in a perfect capital market. The business risk (Ru) is 5% in the industry. The cost of debt

FINA has a debt-to-equity ratio of 0.6 in a perfect capital market. The business risk (Ru) is 5% in the industry. The cost of debt is 4%. What is the required return of equity (Re)?

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