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The beta for Pekin Corporation's common stock is 1.22. The annual stock market risk premium is 6.1%, and the risk-free interest rate is 2.3% per

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The beta for Pekin Corporation's common stock is 1.22. The annual stock market risk premium is 6.1%, and the risk-free interest rate is 2.3% per year. According to the security market line (SML) technique, what is the company's annual percentge cost of common equity (ke) financing? (Question 9 that follows will be based on the same general information.] O A. 9.74% B. 6.94% OC. 7.58% OD. 7.44% O E. 8.91%

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