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Cyclone Industrial Corp. has a beta of 0.8. The risk-free rate is 4% and the market risk premium is 7%. What is the cost of

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Cyclone Industrial Corp. has a beta of 0.8. The risk-free rate is 4% and the market risk premium is 7%. What is the cost of equity based on the CAPM? Please answer the question in the unit of percent: %

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