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A stock has a beta of 1 . 0 9 , the expected return on the market is 1 0 . 3 percent, and the

A stock has a beta of 1.09, the expected return on the market is
10.3 percent, and the risk-free rate is 4.8 percent.
What must the expected return on this stock be?(Do
not round intermediate calculations and enter your answer as a
percent rounded to 2 decimal places, e.g.,32.16.)
Expected return

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