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 percent
B) 17.30 percent
C) 19.50 percent
D) 22.34 percent
Correct Answer:
Verified
Correct Answer:
Verified
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