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24. Problem 8.04 (Expected and required Rates of Return) ellook Assume that the risk-free rate is 5.5% and the market risk premium is 6%. What

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24. Problem 8.04 (Expected and required Rates of Return) ellook Assume that the risk-free rate is 5.5% and the market risk premium is 6%. What is the required return for the overall stock market? Round your answer to one decimal place What is the required rate of return on a stock with a beta of 0.87 Round your answer to one decimal place 90

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