Multiple Choice
Street Corporation's common stock has a beta of 1.33. The risk-free rate is 3.4 percent and the expected return on the market is 10.97 percent. What is the cost of equity?
A) 12.49 percent
B) 12.84 percent
C) 13.47 percent
D) 14.07 percent
E) 13.33 percent
Correct Answer:
Verified
Correct Answer:
Verified
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