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A certain stock has a beta of 1 . 3 . If the risk - free rate of return is 4 . 7 percent and

A certain stock has a beta of 1.3. If the risk-free rate of return is 4.7 percent and the market risk premium is 8.2 percent, what is the expected return of the stock? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
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