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You know that the return of Momentum Cyclicals common shares is 1.1 times as sensitive to macroeconomic information as the return of the market. If
You know that the return of Momentum Cyclicals common shares is 1.1 times as sensitive to macroeconomic information as the return of the market. If the risk-free rate of return is 4.60 percent and market risk premium is 5.71 percent, what is Momentum Cyclicals cost of common equity capital?(Round intermediate calculation to 5 decimal places, e.g. 1.25140 and final answer to 2 decimal places, e.g. 15.25%.)
Cost of common equity capital ___%
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