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31. If the expected return on the market portfolio (i.e., Rm ) is 16%, if the risk-free rate (i.e., Rf) is 4% and if the

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31. If the expected return on the market portfolio (i.e., Rm ) is 16%, if the risk-free rate (i.e., Rf) is 4% and if the beta of Homton, Inc. stock is 1.95, what is the equilibrium expected rate of return on Homton's stock according to the Capital Asset Pricing Model

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