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6. Problem 8.11 (CAPM and Required Return) Calculate the required rate of ceturn for Mudd Enterprises assuming that investors expect a 3.2% rate of infiabion

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6. Problem 8.11 (CAPM and Required Return) Calculate the required rate of ceturn for Mudd Enterprises assuming that investors expect a 3.2\% rate of infiabion in the future. The raal risk-free rate is 1.5\%, and the market hisk petemlum is 5.5.4. Mudd bas a beta of 1.2, and its reallzed rate of cetum has averaged 9:0% over the post 5 years. Round your answer to two decinal places

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