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The management of Highland Industries is trying to discern an appropriate cost of equity to use in computing its hurdle rate. If Treasury bills are

The management of Highland Industries is trying to discern an appropriate cost of equity to use in computing its hurdle rate. If Treasury bills are currently yielding 5.6 percent and the S&P 500 is expected to return 13 percent, what return should investors require if CCC's stock has a beta coefficient of 0.9?

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