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You have risen through the ranks of a coffee comany, from the lowly green-apron barista...

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Accounting

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You have risen through the ranks of a coffee comany, from the lowly green-apron barista to the coveted black apron, and all the way to CFO.A quick internet check shows that your company's beta is 0.58. The risk-free rate is 6.7% and you believe the market risk premium to be 5.8%. What is your best estimate of investors' expected return on your company's stock (its cost of equity capital)? The expected return is %. (Round to two decimal places.)

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