1) (1 point) The beta of Emerson Electric is 1.28. If the cost of equity for Emerson is 10.5% and the return on the market is 8.96%, what is the

1)    (1 point) The beta of Emerson Electric is 1.28. If the cost of equity for Emerson is 10.5% and the return on the market is 8.96%, what is the risk-free rate?