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How do you solve this problem? (What is the Cost of equity) Diddy Corp. stock has a beta of 1.1. the current risk-free rate is

How do you solve this problem? (What is the Cost of equity)

Diddy Corp. stock has a beta of 1.1. the current risk-free rate is 5 percent, and the expected return on the market is 15.00 percent. What is Diddy's cost of equity? (Round your answer to 2 decimal places.)

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