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You've recently started a job working for Netflix. One of your first tasks is to find the cost of equity using the CAPM. Based on

You've recently started a job working for Netflix. One of your first tasks is to find the cost of equity using the CAPM. Based on recent market data, you estimate that Netflix's beta is 1.29. The expected return on the market is 9%, and the current risk-free rate is 2%. What is Netflix's cost of equity (according to CAPM)?

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