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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%, what is an estimate

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?

Steadys cost of equity is ___% (Round to 3 decimals)

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