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Ice Co stock has a beta of 1.88, the current risk-free rate is 5.13 percent, and the expected return on the market is 15.13 percent.

Ice Co stock has a beta of 1.88, the current risk-free rate is 5.13 percent, and the expected return on the market is 15.13 percent. What is Ice Co's cost of equity?

A 23.93%

B 43.22%

C 22.14%

D 33.57%

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