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Manteca Co. has a beat of 1.2. If the risk-free rate is 3% and the market return is 12%, what is its cost of equity

Manteca Co. has a beat of 1.2. If the risk-free rate is 3% and the market return is 12%, what is its cost of equity assume CAPM? 13.8% 14.0% 15.6% 12.5%

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