Question: Please help me study by answering this question. Acne Payday Lenders has a beta of 1.14, a stock price of $32.68, and recently paid an

Please help me study by answering this question. Acne Payday Lenders has a beta of 1.14, a stock price of $32.68, and recently paid an annual dividend of $0.44 per share. The market has a 14.6 percent rate of return and a risk-free rate of 4.0 percent. What is the firm's cost of equity?

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