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Large variations in cost of capital estimates are caused by which of the following variables? (I) Beta (II) Equity market risk premium (III) Risk-free rate
Large variations in cost of capital estimates are caused by which of the following variables?
(I) Beta
(II) Equity market risk premium
(III) Risk-free rate
(IV) Adjustments for project-specific risk
A) I only
B) II only
C) III only
D) I, II, and III only
E) I, II, III, and IV
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