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Will and Kate Inc. has a beta of 0.87. The market risk premium is 7% and the risk-free rate is 2%. What is the cost

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Will and Kate Inc. has a beta of 0.87. The market risk premium is 7% and the risk-free rate is 2%. What is the cost of equity of Will and Kate, Inc.? (Tip: pay attention to whether you have been given the market return or the market risk premium.) O 4.35% O 6.09% O 6.35% O 8.09%

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