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A grocery store (beta 0.81) is considering an investment in the publishing industry (beta 1.36). If the risk-free rate is 1.6% and the expected return
A grocery store (beta 0.81) is considering an investment in the publishing industry (beta 1.36). If the risk-free rate is 1.6% and the expected return on the market is 15.2%, what is the expected return on the investment project?
Enter your answer as a percentage rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46%.
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