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Diddy Corporation stock has a beta of 1 . 2 , the current risk - free rate is 6 percent, and the expected return on

Diddy Corporation stock has a beta of 1.2, the current risk-free rate is 6 percent, and the expected return on the market is 14.50 percent.
What is Diddy's cost of equity?
Note: Round your answer to 2 decimal places.
Cost of equity
%
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