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The tip-top paving company has a beta of 1.11 a cost of debt of 11% and a debt to value ratio of .6. The current
The tip-top paving company has a beta of 1.11 a cost of debt of 11% and a debt to value ratio of .6. The current risk free rate is 9 % and the market rate of return is 16.18%. What is the company's cost of equity capital?
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