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A stock has an expected return of 12.6 percent and a beta of 1.17, and the expected return on the market is 11.6 percent. Required:
A stock has an expected return of 12.6 percent and a beta of 1.17, and the expected return on the market is 11.6 percent.
Required: |
What must the risk-free rate be? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) |
Risk-free rate | % |
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