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The Up and Coming Corporation's common stock has a beta of 0 . 6 7 . If the risk - free rate is 0 .

The Up and Coming Corporation's common stock has a beta of 0.67. If the risk-free rate is 0.03 and the expected return on the market is 0.11, what is the company's cost of equity capital? Enter the answer with 4 decimals (e.g.0.1234).

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