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Sanstreet, Inc. went public by issuing 1 million shares of common stock @ AED 25 per share. The shares are currently trading at AED 30

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Sanstreet, Inc. went public by issuing 1 million shares of common stock @ AED 25 per share. The shares are currently trading at AED 30 per share. Current risk free rate is 4%, market risk premium is 8% and the company has a beta coefficient of 1.2. What is the cost of Equity? Calculate to the percentage to the neartest one decimals

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