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A real estate project has a beta with respect to the S&P 500 of 1.44. The expected return on the market is 7.0%. The relevant

A real estate project has a beta with respect to the S&P 500 of 1.44. The expected return on the market is 7.0%. The relevant risk free rate is 0.80%. What is the minimum return a diversified investor would require to invest in this project?

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9.7%

10.9%

12.0%

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