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UBS buy-side analyst Christopher Dixon is following a mature telecommunications company TFI Inc in 2016. UBS estimates 1.5 for TFI's beta, risk-free rate equals 5%

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UBS buy-side analyst Christopher Dixon is following a mature telecommunications company TFI Inc in 2016. UBS estimates 1.5 for TFI's beta, risk-free rate equals 5% with equity risk-premium of 8%. Which of the following is closest to the required return on equity? O 17% 14% 15% 16%

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