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Question 30 (1 point) A firm has a beta of 1.1. Calculate its equity cost of capital assuming that the expected return on the market

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Question 30 (1 point) A firm has a beta of 1.1. Calculate its equity cost of capital assuming that the expected return on the market is 10% and the risk-free rate is 2%. [Note: Enter your answer as a decimal rounded to four decimal places.]

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