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Ivanhoe Industries, common stock has a beta of 1.3. If the current risk-free rate is 4.2 percent and the market risk premium is 5 .

Ivanhoe Industries, common stock has a beta of 1.3. If the current risk-free rate is 4.2 percent and the market risk premium is 5 . percent, what is Ivanhoe's cost of common stock? (Do not round intermedlate calculations. Round answer to 1 decimal place, eg. 15.2% ) Cost of common stock %

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