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A stock has an expected return of 10.45 percent, its beta is.93, and the risk-free rate is 3.6 percent. What must the expected return on

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A stock has an expected return of 10.45 percent, its beta is.93, and the risk-free rate is 3.6 percent. What must the expected return on the market be? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Market expected return %

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