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A stock you are holding has a beta of 2.0 and the stock is currently in equilibrium. The required rate of return on the stock

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A stock you are holding has a beta of 2.0 and the stock is currently in equilibrium. The required rate of return on the stock is 15% versus a required return on an average stock of 10%. Now the required return on an average stock increases by 45.0% (not percentage points). The risk-free rate is unchanged. By what percentage (not percentage points) would the required return on your stock increase as a result of this event? Select the correct answer. a. 59.97% b. 60.00% c. 60.03% d. 59.94% e. 59.91%

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