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Please with the answer and show workout. Thank you. Assume that a companys market beta equals 0.6, the risk-free rate is 5%, and the market

Please with the answer and show workout. Thank you.

Assume that a companys market beta equals 0.6, the risk-free rate is 5%, and the market return equals 13%. Compute the companys cost of equity capital.

Round answer to one decimal place (ex: 0.0245 = 2.5%)

Answer%

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