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A stock has a beta of 0.32. The risk free rate is 1.165% and the market risk premium is 5%. What is the fair return

A stock has a beta of 0.32. The risk free rate is 1.165% and the market risk premium is 5%. What is the fair return on the stock? Answer as a percent. Use at least 2 decimal places in your response. Enter only numbers and decimals.

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