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A stock has an expected return of 10.5 percent, its beta is 1.55, and the expected return on the market is 8.5 percent. What must
A stock has an expected return of 10.5 percent, its beta is 1.55, and the expected return on the market is 8.5 percent. What must the risk-free rate be? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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