You have risen through the ranks of a coffee comany, from the lowly green-apron barista...
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Finance
You have risen through the ranks of a coffee comany, from the lowly green-apron barista to the coveted black apron, and all the way to CFO.A quick internet check shows that your company's beta is 0.64. The risk-free rate is 4.1% and you believe the market risk premium to be 6%. What is your best estimate of investors expected return on your company's stock (its cost of equity capital? The expected return is % (Round to two decimal places.)
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