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Steady Company's stock has a beta of 0.25 . If the risk-free rate is 5.8 % and the market risk premium is 7.2 % ,

Steady Company's stock has a beta of 0.25 . If the risk-free rate is 5.8 % and the market risk premium is 7.2 % , what is an estimate of Steady Company's cost of equity?

Steady's cost of equity capital is __________ %. (Round to one decimal place.)

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