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A stock has a Beta of 0.94. The current risk free rate in the economy is 2.48%, while the market portfolio risk premium is 6%.

A stock has a Beta of 0.94. The current risk free rate in the economy is 2.48%, while the market portfolio risk premium is 6%. Find the cost of equity for this stock.

Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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