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A stock has a beta of 1.15 , the expected return on the market is 11.3 percent, and the riskfree rate is 3.6 percent. What

image text in transcribed A stock has a beta of 1.15 , the expected return on the market is 11.3 percent, and the riskfree rate is 3.6 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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