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Iknow the answer is 15.22% but I don't know how to get there. I havebeen given 2 answers which are 11.4% but this is incorrect.

Iknow the answer is 15.22% but I don't know how to get there. I havebeen given 2 answers which are 11.4% but this is incorrect. A publicly traded firm has a beta of \( 1.2 \) and debt ratio of \( 20 \% \). The firm is looking to expand its operations and also targeting a debt ratio of \( 45 \% \). If the risk-free rate is \( 3 2 answers

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