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Sandhill Industries, common stock has a beta of 1.7. If the current risk-free rate is 5.3 percent and the market risk premium is 5 percent,

image text in transcribed Sandhill Industries, common stock has a beta of 1.7. If the current risk-free rate is 5.3 percent and the market risk premium is 5 percent, what is Sandhill's cost of common stock? (Do not round intermediate calculations. Round answer to 1 decimal place, e.g. 15.2\%.) Cost of common stock % eTextbook and Media Attempts: 1 of 3 used

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