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Suppose Pepsico's stock has a beta of 0 . 6 9 . If the risk - ree rate is 3 % and the expected return

Suppose Pepsico's stock has a beta of 0.69. If the risk-ree rate is 3% and the expected return of the market portfolio is 9%, what is Pepsico's equity cost of capital?
Pepsico's equity cost of capital is %.(Round to two decimal places.)
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