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Southern Home Cookin' just paid its annual dividend of $.65 a share. The stock has a market price of $31 and a beta of 1.

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Southern Home Cookin' just paid its annual dividend of $.65 a share. The stock has a market price of $31 and a beta of 1. The return on the S. Treasury bill is 5 percent and the market risk premium is 13 percent. What is the cost of equity

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