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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

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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 risk free rate is 0.80%. What is the minimum return a diversified investor would require to invest in this project? 9.7% 10.9% 12.0%

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