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The Swanson Corporation's common stock has a beta of 1.9. If the risk-free rate is 5 percent and the expected return on the market is
The Swanson Corporation's common stock has a beta of 1.9. If the risk-free rate is 5 percent and the expected return on the market is 12 percent, what is the company's cost of equity capital? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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