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Tix Shoes nc has a beta of 0.8.The yield on a 10-year T-bond is 6%.The market risk premium is 5.5% and the return on an

Tix Shoes nc has a beta of 0.8.The yield on a 10-year T-bond is 6%.The market risk premium is 5.5% and the return on an average stock in the marketis 15%.What is the estimated cost of common equity using the CAPM formula?List out the steps to get the answer.

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