Piedmont Power Company's common stock has a beta, $\beta$, estimated to be .85. The risk-free rate is 8 percent and the expected market return is 14 percent. Compute Peidmont's cost of equity capital.

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The Answer of Piedmont Power Company's common stock has a beta, $\beta$, estimated to be .85. The risk-free rate is 8 percent and the expected market return is 14 percent. Compute Peidmont's cost of equity capital.

Piedmont Power Company's Common Stock Has a Beta β\betaβ , Estimated to Be

Piedmont Power Company's Common Stock Has a Beta $\beta$ , Estimated to Be