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Cost of equity capital 12.28% Can someone confirm I did this correct or if you got a different answer? The Dybvig Corporations common stock has

Cost of equity capital

12.28%

Can someone confirm I did this correct or if you got a different answer?

The Dybvig Corporations common stock has a beta of 1.1. If the risk-free rate is 5.1 percent and the expected return on the market is 13 percent, what is Dybvigs cost of equity capital?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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