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Please help. Saved Help JaiLai Cos. stock has a beta of 0.6, the current risk-free rate is 5.6 percent, and the expected return on the

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Saved Help JaiLai Cos. stock has a beta of 0.6, the current risk-free rate is 5.6 percent, and the expected return on the market is 11 percent. What is JaiLai's cost of equity? (Round your answer to 2 decimal places.) Cost of equity % Save &

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