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A stock has a beta of 1.3, the expected return on the market is 12.3 percent, and the risk-free rate is 3.4 percent. What must

A stock has a beta of 1.3, the expected return on the market is 12.3 percent, and the risk-free rate is 3.4 percent. What must the expected return on this stock be? Shows all the step and formula. Don't round off until you get the answer.

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