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The common stock of Anthony Steel has a beta of 0.8. The risk-free rate is 6 percent and the market risk premium (rm - rf)

The common stock of Anthony Steel has a beta of 0.8. The risk-free rate is 6 percent and the market risk premium (rm - rf) is 3 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.

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