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A stock has a beta of 1.14, the expected return on the market is 10.7 percent, and the risk-free rate is 1.1 percent. What must

A stock has a beta of 1.14, the expected return on the market is 10.7 percent, and the risk-free rate is 1.1 percent. What must the expected return on this stock be? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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