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10.23 please explain the answer and show ALL calculation used to get that answer 10.23 Holup, Inc., makes pneumatic equipment. The beta of Holup's stock

10.23 please explain the answer and show ALL calculation used to get that answer

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10.23 Holup, Inc., makes pneumatic equipment. The beta of Holup's stock is 1.2. The expected mar- ket risk premium is 8.5 percent, and the current risk-free rate is 6 percent. Assume the capital-asset-pricing model holds. What is the expected return on Holup's stock

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