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What would be the cost of retained earnings equity for Tangshan Mining if the expected return on U.S. Treasury Bills is 5.00%, the return on

What would be the cost of retained earnings equity for Tangshan Mining if the expected return on U.S. Treasury Bills is 5.00%, the return on a market portfolio is 15.00 percent, and the firm's beta is 1.5?

a) 11.5

b) 18.0

c) 20.0

d) 19.5

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