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Steady Company's stock has a beta of 0.22 . If the risk-free rate is 5.9 % and the market risk premium is 6.9 % ,

Steady Company's stock has a beta of 0.22 . If the risk-free rate is 5.9 % and the market risk premium is 6.9 % , what is an estimate of Steady Company's cost of equity? Steady's cost of equity capital is nothing %. (Round to one decimal place.)

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