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5. Assume that the market portfolio has an expected return of 14% and a standard deviation of 8%, and that the risk-free rate is 3%.

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5. Assume that the market portfolio has an expected return of 14% and a standard deviation of 8%, and that the risk-free rate is 3%. Under the capital asset pricing model, what is the expected return of a security if it had a 0.96% covariance with the market portfolio

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