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A stock has an required return of 17.8%. Its beta is 1.50 and the risk-free rate is 6%. What is the market risk premium? Express

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A stock has an required return of 17.8%. Its beta is 1.50 and the risk-free rate is 6%. What is the market risk premium? Express your answer as a decimal to 4 decimal point (i.e. not 12.34 but .1234)

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