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A stock has a beta of 0.7. The risk free rate is 2.2 . If the stock is in equilibrium according to CAPM, and its

A stock has a beta of 0.7. The risk free rate is 2.2 . If the stock is in equilibrium according to CAPM, and its expected return is 9.3%, what should be the market expected return?

Answer is 12.3. Show work.

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