Your estimate of the market risk premium is 9%. The risk-free rate of return is 4.1% and General Motors has a beta of 1.8. What is General Motors' cost of equity capital?
A) 20.3%
B) 18.3%
C) 19.3%
D) 21.3%
Answer: A
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In an agency by ratification, the agent is relieved of any liability for misrepresentation.
Answer the following statement true (T) or false (F)