Problem:
B24&Co stock has a beta of 1.59, the current risk-free rate is 3.09 percent, and the expected return on the market is 10.59 percent.
Required:
Question: What is B24&Co's cost of equity?
A. 15.02
B. 15.27
C. 24.84
D. 19.93
Note: Provide specific examples to support your answers.