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Southern Bakeries stock has a market price of $20.28 and a beta of 1.12. The...

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Question

Finance

Southern Bakeries stock has a market price of $20.28 and a beta of 1.12. The return on the U.S. Treasury bill is 2.7 percent and the expected return on the market is 10.8 percent. What is the cost of equity?

Group of answer choices

11.77 percent

11.14 percent

10.17 percent

10.52 percent

10.94 percent

Answer & Explanation Solved by verified expert
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