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The common stock of Anthony Steel has a beta of 1.2 . The risk-free rate is 5 percent and the market risk premium (r m

The common stock of Anthony Steel has a beta of 1.2 . The risk-free rate is 5 percent and the market risk premium (rm rf) is 4 percent. What is the company's cost of common stock, rs? Express your answer in percentage (without the % sign) and round it to two decimal places, e.g., 10.23 (10.23%).

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