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7. APEX Corporation stock has a beta of 1.5 while the Equity risk premium (ERP) is 7%. Assuming the risk-free rate is the same as

7. APEX Corporation stock has a beta of 1.5 while the Equity risk premium (ERP) is 7%. Assuming the risk-free rate is the same as in the previous example, what is the Required rate of return (K) of APEX stock?

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