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P14-2 Calculating Cost of Equity [LO1] The Up and Coming Corporation's common stock has a beta of 1. If the risk-free rate is 4 percent

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P14-2 Calculating Cost of Equity [LO1] The Up and Coming Corporation's common stock has a beta of 1. If the risk-free rate is 4 percent and the expected return on the market is 9 percent, what is the company's cost of equity capital? (Do not round your intermediate calculations.) Multiple Choice 9.45% 13% 9% 8.55% 9.36%

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