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Mike Enterprises common stock has a beta of 1.98. The stock is currently selling tor $12 a share. The expected return on the stock market

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Mike Enterprises common stock has a beta of 1.98. The stock is currently selling tor $12 a share. The expected return on the stock market is 11 percent, and the expected market risk premium is 8 percent. What is the cost of equity of Mike Enterprises

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