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Level 3 Technologies has a beta of 1.58. Assuming a market risk premium of 8.55% and a current risk free rate of 2.36%, what would

Level 3 Technologies has a beta of 1.58. Assuming a market risk premium of 8.55% and a current risk free rate of 2.36%, what would be your estimate of Level 3's cost of equity?

Multiple Choice

  • 15.87%

  • 6.28%

  • 12.14%

  • 9.78%

  • 13.51%

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