Question 15 4 pts The market value of Charon Ferries' common stock is $16 million...
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Question 15 4 pts The market value of Charon Ferries' common stock is $16 million and the market value of its risk-free debt is $4 million. The beta of the company's common stock is 0.5 and the expected risk premium on the market portfolio is 8 percent. There are no taxes. If the Treasury bill rate is 5 percent, what is the company's cost of capital? O Between 19 and 21% Between 16 and 18% Between 13 and 15% Less than 10%
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