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A stock has a beta of 1.5. The risk free rate is 3.0 . If the stock is in equilibrium according to CAPM, and its

A stock has a beta of 1.5. The risk free rate is 3.0 . If the stock is in equilibrium according to CAPM, and its expected return is 13.4%, what should be the market expected return?

Answer is 9.9. Please show work.

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