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Peanut Butter & Jelly Corporation stock has a beta of 1.2. The market risk premium is 8.3 percent and the risk-free rate is 28 percent

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Peanut Butter \& Jelly Corporation stock has a beta of 1.2. The market risk premium is 8.3 percent and the risk-free rate is 28 percent annually. What is the company's cost of equity? Convert to a percentage and round to one place past the decimal point Numeric Response

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