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Sheridan Industries common shares have a beta of 1.5. If the market risk-free rate is 5.2 percent and the expected return on the market is

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Sheridan Industries common shares have a beta of 1.5. If the market risk-free rate is 5.2 percent and the expected return on the market is 7.6 percent, what is Sheridan's cost of common shares? (Round answer to 2 decimal places, e.g. 15.25\%.)

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