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Pharoah Industries common stock has a beta of 1.8. If the market risk-free rate is 5.5 percent and the expected return on the market is

Pharoah Industries common stock has a beta of 1.8. If the market risk-free rate is 5.5 percent and the expected return on the market is 8.5 percent, what is Pharoahs cost of common stock? (Round answer to 1 decimal places, e.g. 15.2%.)

Cost of common Stock %

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