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The Ross Corporations common stock has a beta of 0.8. If the risk-free rate is 1.2% and the expected return on the market is 8.7%,

The Ross Corporations common stock has a beta of 0.8. If the risk-free rate is 1.2% and the expected return on the market is 8.7%, what is Ross Corporations cost of equity capital? [Hint: do not confuse the expected return on the market with the expected risk premium on the market. You are given the expected return on the market.] Enter your answer without the percent symbol (i.e., if your answer is 10.3%, type 10.3)

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