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You are given the following information concerning Around Town Tours Co, which is a publicly traded company. The tax rate is 34%. Common stock: Beta

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You are given the following information concerning Around Town Tours Co, which is a publicly traded company. The tax rate is 34%. Common stock: Beta is 1.04 Market: Risk-free rate is 4.1%. Market risk premium is 10.5%. What is the firm's cost of equity rs? a. 7.12% b. 11.28% c. 8.16% d. 15.02%

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