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The common stock of Initiative Fencing, Inc. has a beta of 0.7 and a standard deviation of 87.8 percent. The market rate of return is
The common stock of Initiative Fencing, Inc. has a beta of 0.7 and a standard deviation of 87.8 percent. The market rate of return is 10.6 percent and the risk-free rate is 1.0 percent. What is the cost of equity for this firm? (enter your answer as a percentage; i.e. 14% as 14)
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