Treasury bills currently have a return of 3.5% and the market risk premium is 6%. If a firm has a beta of 1.2, what is its cost of equity? 10.70% 18.80% 16.30% 12.80% Question 8 (1 point) What would you pay for a bond that pays an annual coupon of $45, has a face value of $1,000, matures in eight years, and has a yield to maturity of 6%? $765.71 $976.38 $875.34 $906.85