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Problems G Diddy Corp. stock has a beta of 1.2, the current risk-free rate is 4 percent, and the expected return on the market is

Problems G Diddy Corp. stock has a beta of 1.2, the current risk-free rate is 4 percent, and the expected return on the market is 12.50 percent What is Diddy's cost of equity? (Round your answer to 2 decimal places.) ferences

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