Aluminum maker alcoa has a beta of about 144 whereas hormel


Aluminum maker Alcoa has a beta of about 1.44, whereas Hormel Foods has a beta of 1.61. If the expected excess return of the market portfolio is 3 % which of these firms has a higher equity cost of capital, and how much higher is it?

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Operation Management: Aluminum maker alcoa has a beta of about 144 whereas hormel
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