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The Up and Coming Corporation's common stock has a beta of 1.2. If the risk-free rate is 4.5 percent and the expected return on the

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The Up and Coming Corporation's common stock has a beta of 1.2. If the risk-free rate is 4.5 percent and the expected return on the market is 13 percent, what is the company's cost of equity capital? (Do not round your intermediate calculations.) 15.29% 14.7% 15.44% 20.1% 13.97%

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