Question
The Up and Coming Corporation's common stock has a beta of 0.8. If the risk-free rate is 5 percent and the expected return on the
| The Up and Coming Corporation's common stock has a beta of 0.8. 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 your intermediate calculations.) |
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International financial management
Authors: Jeff Madura
12th edition
1133947832, 978-1305195011, 978-1133947837
