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A manager believes his firm will earn a 18.00 percent return next year. His firm has a beta of 1.27, the expected return on the

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A manager believes his firm will earn a 18.00 percent return next year. His firm has a beta of 1.27, the expected return on the market is 16.00 percent, and the risk-free rate is 9.00 percent. Compute the return the firm should earn given its level of risk. (Round your answer to 2 decimal places.) Required return 0

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