Multiple Choice
According to Value Line , Bestway has a beta of 1.15. If 3-month Treasury bills currently yield 7.9 percent and the market risk premium is estimated to be 8.3 percent, what is Bestway's cost of retained earnings?
A) 17.45%
B) 8.36%
C) 9.55%
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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