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A stock with a beta of 0.5 has an expected rate of return of 10%. If the market return this year turns out to be
A stock with a beta of 0.5 has an expected rate of return of 10%. If the market return this year turns out to be 9 percentage points below expectations, what is your best guess as to the rate of return on the stock? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)
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