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AA Corporation's stock has a beta of 0 . 9 . The risk - free rate is 6 % , and the expected return on

AA Corporation's stock has a beta of

0.9 .

The risk

-

free rate is

6 %,

and the expected return on the market is

11 % .

What is the required rate of return on AA's stock? Do not round

intermediate calculations. Round your answer to one decimal place.

%

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