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Business, 12.03.2021 15:20 andrespacheco5888

A stock has a beta of 1.09, the expected return on the market is 10.3 percent, and the risk-free rate is 4.8 percent. What must the expected return on this stock be? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)

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