Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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The common stock of Anthony Steel has a beta of 1.5. The risk-free rate is 6 percent and the market risk premium (rm - rf) is 6 percent. What is the company's cost of common stock, rs? Express your answer in percentage (without the % sign) and round it to two decimal places
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