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Suppose Pepsico's stock has a beta of 0.76. If the risk-free rate is 3% and the expected return of the market portfolio is 8%, what

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Suppose Pepsico's stock has a beta of 0.76. If the risk-free rate is 3% and the expected return of the market portfolio is 8%, what is Pepsico's equity cost of capital? Pepsico's equity cost of capital is %. (Round to two decimal places.)

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