Question: Pepcico Inc. has a beta of 0.59. The risk-free rate is 2% and the market risk premium is 8%. What is the required rate of

Pepcico Inc. has a beta of 0.59. The risk-free rate is 2% and the market risk premium is 8%. What is the required rate of return of Pepcico? Round to the nearset hundredth percent. Answer in the percent format. Do not include % sign in your answer (i.e. If your answer is 4.33%, type 4.33 without a % sign at the end.)

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