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XYZ , Inc. has a beta of 0 . 8 . The yield on a 3 - month T - bill is 4 % ,
XYZ Inc. has a beta of The yield on a month Tbill is and the yield on a year Tbond is The market risk premium is and the return on an average stock in the market last year was What is the estimated cost of common equity using the CAPM?
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