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Bohannon Corporation's common stock has a beta of 1.14. Assume the risk-free rate is 4.9 percentage and the expected return on the market is 12.4

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Bohannon Corporation's common stock has a beta of 1.14. Assume the risk-free rate is 4.9 percentage and the expected return on the market is 12.4 percent. What is the company's cost of equity capital? (Do not include the percentage sign (%). Round your answer to 2 decimal places (e.g., 32.16).) Cost of equity %

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