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The Up and Coming Corporation's common stock has a beta of 0.54. If the risk-free...

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The Up and Coming Corporation's common stock has a beta of 0.54. If the risk-free rate is 0.01 and the expected return on the market is 0.09, what is the company's cost of equity capital? Enter the answer with 4 decimals (e.g. 0.1234)

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