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The cost of equity for Burgess Corporation is 9.4%. If the expected return on the market is 12% and the risk-free rate is 4%, then

The cost of equity for Burgess Corporation is 9.4%. If the expected return on the market is 12% and the risk-free rate is 4%, then the equity beta is ___.

A.

0.52

B.

0.68

C.

0.82

D.

1.23

E.

1.67.

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