Steady Company's stock has a beta of 0.17. If the risk-free rate is 6.1% and the market risk premium is 7.1%, what is an estimate of Steady Company's cost of equity? ... Steady's cost of equity...

Extracted text: Steady Company's stock has a beta of 0.17. If the risk-free rate is 6.1% and the market risk premium is 7.1%, what is an estimate of Steady Company's cost of equity? ... Steady's cost of equity capital is %. (Round to one decimal place.)