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Paul Sharp is CFO of Fast Rocket Inc. He tries to determine the cost of equity financing for his company. The stock has a beta

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Paul Sharp is CFO of Fast Rocket Inc. He tries to determine the cost of equity financing for his company. The stock has a beta of 1.16. Paul estimated that the market return is 8.68%. The current rate for 10-year Treasury Bonds is 3.26%. Calculate cost of common equity financing using CAPM - SML formula. Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box) Your

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