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3. Fara French. Given the following factor loadings for Alan's Alehouse and expected returns, calculate the expected return for Alan's Alehouse. The risk-free rate is

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3. Fara French. Given the following factor loadings for Alan's Alehouse and expected returns, calculate the expected return for Alan's Alehouse. The risk-free rate is 2%. Factor Market SMB HML Beta 0.6 0.25 0.3 Expected Return 12% 10% 9%

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