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22. Problem 8.03 (Required Rate of Return) eBook Assume that the risk-free rate is 3% and the required return on the market is 8%. What

22. Problem 8.03 (Required Rate of Return) eBook Assume that the risk-free rate is 3% and the required return on the market is 8%. What is the required rate of return on a stock with a beta of 1.17 Round your answer to two decimal places. %

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