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ABC, Inc., has a beta of 2.12. The risk-free rate is 4.9% and the market risk premium is 8.69%. What is the required rate of

ABC, Inc., has a beta of 2.12. The risk-free rate is 4.9% and the market risk premium is 8.69%. What is the required rate of return on ABC's stock?

Note: Convert your answer to percentage and round off to two decimal points.

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