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A stock has a beta of 1 . 1 7 , the expected return on the market is 1 1 . 1 percent, and the

A stock has a beta of 1.17, the expected return on the market is
11.1 percent, and the risk-free rate is 4.9 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.)

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