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Smathers Corp. stock has a beta of 1.11. The market risk premium is 7.80 percent and the risk-free rate is 3.24 percent annually. What is

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Smathers Corp. stock has a beta of 1.11. The market risk premium is 7.80 percent and the risk-free rate is 3.24 percent annually. What is the company's cost of equity? Multiple Choice 10.10% 7.84% 11.90% 8.30% 8.07%

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