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Jericho Corp has a market value of equity of $ 6 million, and the value of its debt is $ 4 million. Jericho Corp's stock

Jericho Corp has a market value of equity of $6 million, and the value of its debt is $4 million. Jericho
Corp's stock beta is 1.5 and the expected market risk premium is 10%. The Treasury bill rate is 6%, and
Jericho Corp's debt is considered not to have any default risk.

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