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The current risk-free rate of return (rRF ) is 4.67% while the market risk premium is 6.17%. The Jefferson Company has a beta of 0.92.

The current risk-free rate of return (rRF ) is 4.67% while the market risk premium is 6.17%. The Jefferson Company has a beta of 0.92. Using the capital asset pricing model (CAPM) approach, Jefferson's cost of equity is

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