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12-1) Investors expect the market rate of return this year to be 14%. A stock with a beta of 1.2 has an expected rate of
12-1)
Investors expect the market rate of return this year to be 14%. A stock with a beta of 1.2 has an expected rate of return of 16%. If the market return this year turns out to be 10%, what is the rate of return on the stock? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)
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