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A stock has a Beta of 1.0. The risk-free rate is 3.7%, and the Market Risk Premium is estimated at 7.9%. The firm's cost of

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A stock has a Beta of 1.0. The risk-free rate is 3.7%, and the Market Risk Premium is estimated at 7.9%. The firm's cost of common equity, Re, is __%. Round your final answer to 2 decimal places (example: enter 12.34 for 12.34%), but do not round any intermediate work in the process. Margin of error for correct responses: +/-.03 (%)

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