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Winstons has a beta of 1.08 and a cost of debt of 8 percent. The current risk free rate is 3.2 percent and the market

Winstons has a beta of 1.08 and a cost of debt of 8 percent. The current risk free rate is 3.2 percent and the market rate of return is 11.47 percent. What is the company's cost of equity capital? 20.13%

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