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From Bloomberg, Kellogg (K) had an adjusted market beta of 0.699 at May 1, 2019....

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Accounting

From Bloomberg, Kellogg (K) had an adjusted market beta of 0.699 at May 1, 2019. Find the estimate of the 10-year Treasury yield at that date, and then assume a market risk premium of 6 percent. Using this information, estimate the required cost of equity capital for K at May 1, 2019

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