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Steady Company's stock has a beta of 0.21. If the risk-free rate is 5.9% and...

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Finance

Steady Company's stock has a beta of 0.21. If the risk-free rate is 5.9% and the market risk premium is 6.8%, what is an estimate of Steady Company's cost of equity?

Steady's cost of equity capital is __%. (Round to one decimal place.)

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