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Layering Co. has outstanding common stock with a beta of 2.05. The risk free rate of return is 1.85%, and the market currently provides a

Layering Co. has outstanding common stock with a beta of 2.05. The risk free rate of return is 1.85%, and the market currently provides a return of 8.35%. What is the cost of equity for Layering Co?

Group of answer choices

21.68%

15.18%

4.34%

13.33%

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