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The yo-yo corporation tries to determine the appropriate cost for retained earnings to be used in capital budgeting analysis. The firms beta is 2.4. The

The yo-yo corporation tries to determine the appropriate cost for retained earnings to be used in capital budgeting analysis. The firms beta is 2.4. The rate on six-month T-bills is 2.69%, and the return on the S&P 500 index is 7.69%. What is the appropriate cost for retained earnings determining the firms cost of capital?

Round the answers to two decimal places in percentage form.

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