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A stock with a beta of 1.2 has an expected rate of return of 14%. If the market return this year turns out to be

A stock with a beta of 1.2 has an expected rate of return of 14%. If the market return this year turns out to be 8 percentage points below expectations, what is your best guess as to the rate of return on the stock? (%) no RF in question.

Stock Return = _____ %

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