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A stock has a beta of 1.16, the expected return on the market is 11 percent, and the risk-free rate is 4.45 percent. What must

A stock has a beta of 1.16, the expected return on the market is 11 percent, and the risk-free rate is 4.45 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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