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The Swanson Corporation's common stock has a beta of 1.17. Assume the risk-free rate is 5.2 percent and the expected return on the market

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The Swanson Corporation's common stock has a beta of 1.17. Assume the risk-free rate is 5.2 percent and the expected return on the market is 12.7 percent. What is the company's cost of equity capital? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Cost of equity %

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