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For a common stock, Beta =1.5; Market risk premium =9%; Current risk-free rate = 6%. Analysts' estimates of growth =6% per year; Last dividend =$2;

For a common stock, Beta =1.5; Market risk premium =9%; Current risk-free rate = 6%. Analysts' estimates of growth =6% per year; Last dividend =$2; Currently stock price =$15.65 What is the cost of common equity? 20.9%28.5%19.5%24.8%

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