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A stock has a beta of 1.15 , the expected return on the market is 11.0%, and the risk-free rate is 4.5%. What must the

image text in transcribed A stock has a beta of 1.15 , the expected return on the market is 11.0%, and the risk-free rate is 4.5%. What must the expected return on this stock be? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Expected return %

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