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The common stock of Pedestrian Automotive has a beta of .89 and a standard deviation of 15.8 percent. The market rate of return is 12.25

The common stock of Pedestrian Automotive has a beta of .89 and a standard deviation of 15.8 percent. The market rate of return is 12.25 percent, and the risk-free rate is 2.9 percent. What is the cost of equity for this firm? 11.22% 9.16%

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