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Pharoah Industries common stock has a beta of 1.7. If the market risk-free rate is...

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Pharoah Industries common stock has a beta of 1.7. If the market risk-free rate is 5.4 percent and the expected return on the market is 8.4 percent, what is Pharoah's cost of common stock? (Round answer to 1 decimal places, e.g. 15.2%.) Cost of common stock %

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