Wiley, Inc., an MNC, has a beta of 1.3. The U.S. stock market is expected to generate

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Wiley, Inc., an MNC, has a beta of 1.3. The U.S. stock market is expected to generate an annual return of 11 percent. Currently, Treasury bonds yield 2 percent. Based on this information, what is Wiley’s estimated cost of equity?


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