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What is the equity cost of capital of Target Corporation, if the risk-free rate of interest is 2.1%, the market risk premium is 5.7%, and

What is the equity cost of capital of Target Corporation, if the risk-free rate of interest is 2.1%, the market risk premium is 5.7%, and the Targets stock beta of is 1.22?

a.

11.32%

b.

9.05%

c.

12.96%

d.

8.35%

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