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The Dybvig Corporations common stock has a beta of 1.17. If the risk-free rate is 3.8 percent and the expected return on the market is

The Dybvig Corporations common stock has a beta of 1.17. If the risk-free rate is 3.8 percent and the expected return on the market is 11 percent, what is Dybvigs cost of equity capital?

11.05%

12.22%

13.65%

14.18%

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		11.05%
		12.22%
		13.65%
		14.18%