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Time Remaining 1 hour 34 minutes 26 seconds 01:34:26 Item 2 Time Remaining 1 hour 34 minutes 26 seconds 01:34:26 JaiLai Cos. stock has a

Time Remaining 1 hour 34 minutes 26 seconds 01:34:26 Item 2 Time Remaining 1 hour 34 minutes 26 seconds 01:34:26 JaiLai Cos. stock has a beta of 0.6, the current risk-free rate is 6.1 percent, and the expected return on the market is 14 percent. What is JaiLai’s cost of equity?

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