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The Nixon Corporations common stock has a beta of .95. If the risk-free rate is 2.7 percent and the expected return on the market is

The Nixon Corporations common stock has a beta of .95. If the risk-free rate is 2.7 percent and the expected return on the market is 10 percent, what is the companys cost of equity capital? pls dont answer in excel or spreadsheet rather explain by writing in formula and stepwise

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