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A stock has an expected return of 16 percent, the risk-free rate is 6.40 percent, and the market risk premium is 7.3 percent. Required: What

A stock has an expected return of 16 percent, the risk-free rate is 6.40 percent, and the market risk premium is 7.3 percent. Required: What must the beta of this stock be? (Round your answer to 3 decimal places (e.g., 32.161).)

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