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Steady Company's stock has a beta of 0.23. If the risk-free rate is 5.88% and the market risk premium is 7.04%, what is an

Steady Company's stock has a beta of 0.23. If the risk-free rate is 5.88% and the market risk premium is 7.04%, what is an estimate of Steady's cost of equity? Steady's cost of equity capital is %. (Round to two decimal places.)

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