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1.If the risk-free rate (as reflected by Company X returns) is 0.10, the average market return (as indicated by the 1-year return on Company Z)

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1.If the risk-free rate (as reflected by Company X returns) is 0.10, the average market return (as indicated by the 1-year return on Company Z) is 20.63, and the company has a beta coefficient of 0.74, what is the appropriate required return (rounded to two decimal places)

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