31.The common stock of Anthony Steel has a beta of 1.20.The risk-free rate is 5 percent and...
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Question:
31.The common stock of Anthony Steel has a beta of 1.20.The risk-free rate is 5 percent and the market risk premium (rM - rRF) is 5.5 percent. What is the company's cost of common stock, rs?
a.7.0%
b.7.2%
c.11.6%
d.12.2%
e.12.4%
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