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15. Using CAPM A stock has an expected return of 13.4 percent, its beta is 1.20, and the risk-free rate is 4.4 percent. What must

15. Using CAPM A stock has an expected return of 13.4 percent, its beta is 1.20, and the risk-free rate is 4.4 percent. What must the expected return on the market be?

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