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6-18. (Required rate of return using CAPM) a. Compute an appropriate rate of return for Intel common stock, which has a beta of 1.2. The

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6-18. (Required rate of return using CAPM) a. Compute an appropriate rate of return for Intel common stock, which has a beta of 1.2. The risk-free rate is 2 percent, and the market portfolio (NYSE stocks) has an expected return of 11 percent. b. Why is the rate you computed an appropriate rate

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