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A stock has an expected return of 8.5 percent, its beta is 1.7, and the risk-free rate is 3.3 percent. What must the expected return

A stock has an expected return of 8.5 percent, its beta is 1.7, and the risk-free rate is 3.3 percent. What must the expected return on the market be? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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