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A stock has a beta of 0.8. If the expected return on the market is 9% and the risk-free rate is 3.5%, what is the

A stock has a beta of 0.8. If the expected return on the market is 9% and the risk-free rate is 3.5%, what is the expected return on this stock?

Do not round intermediate calculations. Round the final answer to 2 decimal places.

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