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Steady Company's stock has a beta of 0.22. If the risk-free rate is 6.1% and the market risk premium is 7.1%, what is estimate of

Steady Company's stock has a beta of 0.22. If the risk-free rate is 6.1% and the market risk premium is 7.1%, what is estimate of Steady Company's cost of equity? Steady's cost of equity capital is \%. (Round to one decimal place.)

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