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The Up and Coming Corporation's common stock has a beta of 1.5. If the risk-free rate is 4.5 percent and the expected return on the

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The Up and Coming Corporation's common stock has a beta of 1.5. If the risk-free rate is 4.5 percent and the expected return on the market is 12 percent, what is the company's cost of equity capital? Round to the nearest XX.XX%

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