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The Lenzie Corporation's common stock has a beta of 1.10 . If the risk-free rate is 4.2% and the expected return on the market is

image text in transcribed The Lenzie Corporation's common stock has a beta of 1.10 . If the risk-free rate is 4.2% and the expected return on the market is 12%, what is the company's cost of equity capital? (Do not round Intermedlate coleulations. Enter your onswer as a percentege rounded to 2 decimel pleces.) Cost of equity capital %

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