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Gram Corp. is publicly-traded and its stock has a beta of 1.15. The expected return on the overall market is 7.0%. The current 20-year treasury

Gram Corp. is publicly-traded and its stock has a beta of 1.15. The expected return on the overall market is 7.0%. The current 20-year treasury rate is 2.0%. What is Gram's cost of equity using the CAPM?

Group of answer choices

10.05%

7.75%

9.0%

8.05%

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