2. value: 10.00 points The Dybvig Corporation's equity has a beta of 1.3. If the risk-free rate is 4.5 per cent and the expected return on the market is 12 per cent. Required: What is Dybvig's cost of equity capital? (Do not include the per cent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) RE 11.98 %