The expected market return-cost of common equity

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Jesse Corp.'s stock has a Beta of 1.44. The risk-free rate is 4%, and the expected market return is 9%. The firm's cost of common equity, Re, is _____%. Round your final answer to 2 decimal places (example: enter 12.34 for 12.34%), but do not round any intermediate work in the process.

Reference no: EM131551505

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