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The yield on 3-month Treasury bill is 3%, and the yield on the 10-year Treasury bond is 6%. The market risk premium is 5.5%, and

The yield on 3-month Treasury bill is 3%, and the yield on the 10-year Treasury bond is 6%. The market risk premium is 5.5%, and the return on an average stock in the market is 15%.

Calculate the cost of common stock with a beta of 0.80.

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