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Jesse Corp.'s stock has a Beta of 1.07. The risk-free rate is 6%, and the expected market return is 12%. The firm's cost of common

Jesse Corp.'s stock has a Beta of 1.07. The risk-free rate is 6%, and the expected market return is 12%.

The firm's cost of common equity, Re, is _____%.

Margin of error for correct responses: +/- .03(%)

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