Halestorm corporationrsquos common stock has a beta of 124, Ask an Expert

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Halestorm Corporation’s common stock has a beta of 1.24. Assume the risk-free rate is 4.9 percent and the expected return on the market is 12.4 percent.

Required:

What is the company’s cost of equity capital? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91614183

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