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Ronald's Fast Food just paid their annual dividend of $1 05 a share. The stock has a beta of 1 6 The return on the

Ronald's Fast Food just paid their annual dividend of $1 05 a share. The stock has a beta of 1 6 The return on the U.S. Treasury bill(risk free rate) is 8 percent and the expected return on the market is 15 percent What is the cost of equity? 19.20%

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