The Up and Coming Corporation's common stock has a beta of 1. If the risk-free rate is 3 percent and the expected return on the market is 15 percent, what is the company's cost of equity capital? (Do not round your intermediate calculations.) |
18%
15%
15.75%
14.25%
15.6%
*If possible, could you solve in excel and show the formulas? Thank you!
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