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Smathers Corporation stock has a beta of 1.15. The market risk premium is 7.80 percent and the risk-free rate is 3.36 percent annually. What is

Smathers Corporation stock has a beta of 1.15. The market risk premium is 7.80 percent and the risk-free rate is 3.36 percent annually. What is the company's cost of equity? Multiple Choice 8.47% 12.33% 8.23% 8.00% 10.40%

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