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The common stock of Anthony Steel has a beta of 0.6. The risk-free rate is 3.2 percent and the market risk premium HM-RF) is

The common stock of Anthony Steel has a beta of 0.6. The risk-free rate is 3.2 percent and the market risk premium HM-RF) is 6.8 percent. Assume the firm will be able to use retained earnings to fund the equity portion of its capital budget. What is the company's cast of retained earnings, rs? 07.28% 07688

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