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Halestorm Corporations common stock has a beta of 1.28. Assume the risk-free rate is 5.3 percent and the expected return on the market is 12.8

Halestorm Corporations common stock has a beta of 1.28. Assume the risk-free rate is 5.3 percent and the expected return on the market is 12.8 percent.

Required: What is the companys cost of equity capital?

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