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The Up and Coming Corporation's common stock has a beta of 1. If the risk-free rate is 4 percent and the expected return on the

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The Up and Coming Corporation's common stock has a beta of 1. If the risk-free rate is 4 percent and the expected return on the market is 11 percent, what is the company's cost of equity capital? (Do not round your intermediate calculations.) 11% 10.45% 15% 11.44% 11.55%

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