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11) A stock has an expected return of 19 percent, its beta is 1.45, and the expected return on the market is 14 percent. What

11) A stock has an expected return of 19 percent, its beta is 1.45, and the expected return on the market is 14 percent. What must the risk-free rate be?

2.89%

3.03%

-1.30%

2.74%

3.00%

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