Booher book stores has a beta of 11 the yield on a 3-month


Booher Book Stores has a beta of 1.1. The yield on a 3-month T-bill is 4.5% and the yield on a 10-year T-bond is 7%. The market risk premium is 5%. What is the estimated cost of common equity using the CAPM? Round your answer to two decimal places

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Financial Management: Booher book stores has a beta of 11 the yield on a 3-month
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