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Southern Bakeries just paid its annual dividend of $.48 a share. The stock has a market price of $17.23 and a beta of.93. The return

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Southern Bakeries just paid its annual dividend of $.48 a share. The stock has a market price of $17.23 and a beta of.93. The return on the U.S. Treasury bill is 3.1 percent and the market risk premium is 7.6 percent. What is the cost of equity? 10.04 9.98 10.17 10.41

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