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16. Using CAPM [LO4] A stock has an expected return of 12.15 percent. its beta is 1.31, and the expected return on the market is

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16. Using CAPM [LO4] A stock has an expected return of 12.15 percent. its beta is 1.31, and the expected return on the market is 10.2 percent. What must the risk-free rate be

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