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Question 23 3 pts Your firm's stock price is currently $45 per share. It has a beta of 1.0. If the risk-free rate is 5%

Question 23 3 pts Your firm's stock price is currently $45 per share. It has a beta of 1.0. If the risk-free rate is 5% and the expected return on the market is 12%, what is your firm's cost of equity? Enter the answer as a whole number with 2 decimal places and without signs. For example, if the answer is $20.16, enter 20.16. If the answer is .1075 or 10.75%, enter 10.75

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