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After evaluating the overall market and biotech industry, you have identified Gleasig Labs as a potential new addition to your portfolio. The company has a
After evaluating the overall market and biotech industry, you have identified Gleasig Labs as a potential new addition to your portfolio. The company has a beta of 2.1 based on annual returns. If the current risk-risk free rate of return is 4.12% and the return on the market portfolio is 6.61%, how much return should you require from Gleasig Labs? Submit your answer as a percentage and round to two decimal places (Ex. 0.00%).
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