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Steady Company's stock has a beta of 0.19. If the risk-free rate is 5.9 % and the market risk premium is 7.1 %, what is

Steady Company's stock has a beta of 0.19. If the risk-free rate is 5.9 % and the market risk premium is 7.1 %, what is an estimate of Steady Company's cost of equity?

Steady's cost of equity capital is ---------%.

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