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Question 1 (1 point) Listen The common stock of Initiative Fencing, Inc. has a beta of 1.2 and a standard deviation of 67.6 percent. The

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Question 1 (1 point) Listen The common stock of Initiative Fencing, Inc. has a beta of 1.2 and a standard deviation of 67.6 percent. The market rate of return is 10.6 percent and the risk-free rate is 3.7 percent. What is the cost of equity for this firm? (enter your answer as a percentage; i.e. 14% as 14) Your

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