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The Rhaegel Corporation's common stock has a beta of 0.9. If the risk-free rate is 5.5 percent and the expected return on the market is

The Rhaegel Corporation's common stock has a beta of 0.9. If the risk-free rate is 5.5 percent and the expected return on the market is 15 percent, what is the company's cost of equity capital?
1. 14.75%
2. 14.61%
3. 19%
4. 13.35%
5. 14.05%

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