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A company has a beta of 2.91. If the market return is expected to be 16 percent and the risk-free rate is 4 percent, what

A company has a beta of 2.91. If the market return is expected to be 16 percent and the risk-free rate is 4 percent, what is the company's risk premium? Multiple Choice

a. 34.92 percent

b .22.91 percent

c. 11.64 percent

d. 12.00 percent

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