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The beta for Richton Park Corporation's common stock is 1.34. The annual stock market risk premium is 6.5%, and the risk-free interest rate is 2.2%

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The beta for Richton Park Corporation's common stock is 1.34. The annual stock market risk premium is 6.5%, and the risk-free interest rate is 2.2% per year. According to the security market line (SML) technique, what is the company's annual percentge cost of common equity (ke) financing? [Question 10 that follows will be based on the same general information.) A 8.85% B.9.45% C. 7.96% D.8.71 E. 10.91% Reset Selection

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