Ronald's Fast Food just paid their annual dividend of $1.05 a share. The stock has...
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Finance
Ronald's Fast Food just paid their annual dividend of $1.05 a share. The stock has a beta of .5. The return on the U.S. Treasury bill (risk-free rate) is 8 percent and the expected return on the market is 15 percent. What is the cost of equity?
Group of answer choices
11.05%
32.00%
11.50%
15.00%
19.20%
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