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The common stock of Serenity Homes capes has a beta of 1.21 and a standard deviation of 17.8 percent. The market rate of return is

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The common stock of Serenity Homes capes has a beta of 1.21 and a standard deviation of 17.8 percent. The market rate of return is 13.5 percent, and the risk-free rate is 3.2 percent. What is the cost of equity for this firm

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