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A firm's stock has a beta of 1.4, the 30-year treasury yield is 3.7, and the market risk premium is 6.4. Using the Capital Asset

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A firm's stock has a beta of 1.4, the 30-year treasury yield is 3.7, and the market risk premium is 6.4. Using the Capital Asset Pricing Model (CAPM), what is the firm's required rate of return. _% (to two decimal places)

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