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Tempo Corporation is undertaking a capital budgeting analysis. The firm's beta is 1.5. The risk-free rate is 5%, and the return on the S&P 500

Tempo Corporation is undertaking a capital budgeting analysis. The firm's beta is 1.5. The risk-free rate is 5%, and the return on the S&P 500 index is 12%. What is the cost of Tempo's common equity? 23.39 15.5% 17.79 19.99

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