Question
The common stock of Initiative Fencing, Inc. has a beta of 1.0 and a standard deviation of 92.4 percent. The market rate of return is
The common stock of Initiative Fencing, Inc. has a beta of 1.0 and a standard deviation of 92.4 percent. The market rate of return is 9.1 percent and the risk-free rate is 3.4 percent. What is the cost of equity for this firm?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
