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A stock has an expected return of 14 percent, its beta is 1.35, and the expected return on the market is 11 percent. What must

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A stock has an expected return of 14 percent, its beta is 1.35, and the expected return on the market is 11 percent. What must the risk-free rate be? (Do not round your intermediate calculations.) 2.53% 2.31% -0.85% 2.43% 2.55%

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