The Nixon Corporation's common stock has a beta of 1.4. If the risk-free rate is...
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The Nixon Corporation's common stock has a beta of 1.4. If the risk-free rate is 4.5 percent and the expected return on the market is 11 percent, what is the company's cost of equity capital? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) FILL IN YOUR ANSWER WITH A COMMA FOR THOUSANDS, MILLIONS ETC AND A DOT FOR DECIMALS, do not fill in any currency sign ($, etc). So for instance, One-million-one-hundred-thousand-andfourty euros and 50 cents would be 1,100,040.50. For percentages use a dot and NO \% sign. For instance if you think an answer is seven per cent and 22 hundredths, write 7.22 Required
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