Multiple Choice
CJ Co stock has a beta of 0.9, the current risk-free rate is 5.6, and the expected return on the market is 13 percent. What is CJ Co's cost of equity?
A) 12.26%
B) 17.30%
C) 19.50%
D) 22.34%
Correct Answer:
Verified
Correct Answer:
Verified
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