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Help Steady Company's stock has a beta of 0.16 . If the risk-free rate is 5.9% and the market risk premium is 6.9%, what is

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Steady Company's stock has a beta of 0.16 . If the risk-free rate is 5.9% and the market risk premium is 6.9%, what is an estimate of Steady Company's cost of equity? Steady's cost of equity capital is \%. (Round to one decimal place.)

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