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Problem 14-2 Calculating Cost of Equity (LO2) The Lenzie Corporation's common stock has a beta of 1.30. If the risk-free rate is 5,3% and the

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Problem 14-2 Calculating Cost of Equity (LO2) The Lenzie Corporation's common stock has a beta of 1.30. If the risk-free rate is 5,3% and the expected retum on the market is 11% what is the company's cost of equity capital? (Do not round intermedinte calculations. Enter your answer as a percentage rounded to 2 decimal places.) Cost of equity capital

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