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Diddy Corporation stock has a beta of 1.3, the current risk-free rate is 6 percent, and the expected return on the market is 13.50

Diddy Corporation stock has a beta of 1.3, the current risk-free rate is 6 percent, and the expected return on the market is 13.50 percent. What is Diddy's cost of equity? Note: Round your answer to 2 decimal places. Cost of equity %

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