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question check - please check mock exam answer
On a mock exam question, I was asked to determine the cost of equity (riskfree rate plus market premium times beta). I got the question wrong because I used 3 month t bill rate instead of 10 year treasury rate.
Isn't the 3 month t bill rate usually considered the risk free rate?
Thank you in advance! Just want to make sure I understand how to answer for this coming Saturday!