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3. Problem 9-06 (Cost of Equity: CAPM) eBook Problem Walk Through Cost of Equity: CAPM Booher Book Stores has a bata of 0.9. The yield

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3. Problem 9-06 (Cost of Equity: CAPM) eBook Problem Walk Through Cost of Equity: CAPM Booher Book Stores has a bata of 0.9. The yield on a 3-month Tolls and the yield on a 10-yew T.bond is 0%. The market risk premium is 5.5% and the return on an average stock in the market tast year was 1346. What is the estimated cost of common equity using the CAPM? Round your answer to two decimal places

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