Question: Assume that the equity beta for JJ is 1.02. The Yield on 10-year treasuries is 4%, and that the market risk premium for the year

Assume that the equity beta for JJ is 1.02. The Yield on 10-year treasuries is 4%, and that the market risk premium for the year is 9%. What would be the cost of equity for JJ? Express your answers in strictly numerical terms. For example, if the answer is 5%, write 0.05"

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