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28. CCC Corp has a beta of 1.5 and is currently in equalibriam. The required rate of retum on the stock is 12.00% versus a

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28. CCC Corp has a beta of 1.5 and is currently in equalibriam. The required rate of retum on the stock is 12.00% versus a required return on an average stock of 10.00%. Now the required return on an average stock increases by 30.0% (not percentage points). Ncither betas nor the risk-froc rate change. What would CCC's ncw required return be? Do not round your intermediate calculations. f thow the avok on a sctap paper)

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