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4. The New Ideas Corporation's recent strategic moves have resulted in its beta going from 0.8 to 1.2. If the risk-free rate is currently at

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4. The New Ideas Corporation's recent strategic moves have resulted in its beta going from 0.8 to 1.2. If the risk-free rate is currently at 4% and the market risk premium is being estimated at 7%, calculate its expected rate of return. (2points)

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