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Your firm's stock price is currently $ 3 9 per share. It has a beta of 2 . 4 . If the risk - free

Your firm's stock price is currently $

39

per share. It has a beta of

2.4 .

If the risk

-

free rate is

5 %

and the expected return on the market is

14 %,

what is your firm's cost of equity?

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