Assume that the expected rate of return for a stock with a beta of 1.1 is 12

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Assume that the expected rate of return for a stock with a beta of 1.1 is 12 percent and that the risk-free rate is 4 percent. What is the expected market risk premium?

a. 6.48%

b. 7.27%

c. 10.48%

d. 11.27%

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