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28-10-2020
Business

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g Assume that the risk-free rate of interest is 3% and you estimate the market's expected return to be 9%. The equity cost of capital for "Meenie" is closest to:

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ewomazinoade ewomazinoade

29-10-2020

Answer:

12%

Explanation:

Risk free rate + market expected return = equity cost of capital = 3% + 9% = 12%

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