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