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You are evaluating the cost of common equity in Highland Inc. with the following data: the is 1.2, the current S&P500 return is 13%, the

You are evaluating the cost of common equity in Highland Inc. with the following data: the is 1.2, the current S&P500 return is 13%, the T-bill return is 4%, what is the cost of the firms retained earnings.

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14.8%

19.6%

10.8%

13.5%

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