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Steady Company's stock has a beta of 2.5. The cost of equity of the firm's stock if 12% and the marke 0% 696 3% -3%

Steady Company's stock has a beta of 2.5. The cost of equity of the firm's stock if 12% and the marke 0% 696 3% -3% 996 the market risk premium is 6%. What risk-free rate is consistent with the cost of equity implied by the CAPM

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