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A stock with a beta of 1.4 has an expected rate of return of 20%. If the market return this year turns out to be

image text in transcribed A stock with a beta of 1.4 has an expected rate of return of 20%. If the market return this year turns out to be 10 percentage points below expectations, what is your best guess as to the rate of return on the stock? Note: Do not round Intermedlate calculatlons. Enter your answer as a percent rounded to 1 declmal place. Answer is complete but not entirely correct

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