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Fenway Sport Management has decided to issue new stock to raise $15 million in new capital. FSM's beta coefficient is 1.7%. The current risk free

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Fenway Sport Management has decided to issue new stock to raise $15 million in new capital. FSM's beta coefficient is 1.7%. The current risk free rate is 2% and the market return is 7%. How much will the new stock cost FSM to issue? $9 Million 10.5% 1.7% $15 Million

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