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The common stock of Edna Mode Fashions has a beta of 1.4 and a standard deviation of 16.6 percent. The market rate of return

The common stock of Edna Mode Fashions has a beta of 1.4 and a standard deviation of 16.6 percent. The market rate of return is 8 percent and the risk-free rate is 4 percent. Using the Capital Asset Pricing Model, what is the cost of equity for this firm?

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