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2. Trade Equipment has a beta of 1.8 and an expected dividend growth rate of 12.00% per year. The T-bond rate is 1.65%. Investors expect

2. Trade Equipment has a beta of 1.8 and an expected dividend growth rate of 12.00% per year. The T-bond rate is 1.65%. Investors expect the average annual future return on the market to be 9.60%. What is the firm's required rate of return?

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