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Problem 11-1 Cost of Equity (LG11-3) Diddy Corp. stock has a beta of 1.1, the current risk-free rate is 7 percent, and the expected return

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Problem 11-1 Cost of Equity (LG11-3) Diddy Corp. stock has a beta of 1.1, the current risk-free rate is 7 percent, and the expected return on the market is 15.00 percent What is Diddy's cost of equity? (Round your answer to 2 decimal places.) Cost of equity

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