The Lenzie Corporation's common stock has a beta of 1.20. If the risk-free rate is 5.2% and
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Question:
The Lenzie Corporation's common stock has a beta of 1.20. If the risk-free rate is 5.2% and the expected return on the market is 10%, what is the company's cost of equity capital?(Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places.)
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