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Peanut Butter & Jelly Corporation stock has a beta of 0.8. The market risk premium is 10.2 percent and the risk-free rate is 3.1 percent

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Peanut Butter \& Jelly Corporation stock has a beta of 0.8. The market risk premium is 10.2 percent and the risk-free rate is 3.1 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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