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An analyst gathered the following information for a stock and market parameters: stock beta = 1; expected return on the Market = 12.58%; expected
An analyst gathered the following information for a stock and market parameters: stock beta = 1; expected return on the Market = 12.58%; expected return on T-bills = 1.76%; current stock Price = $6.49; expected stock price in one year = $10.2; expected dividend payment next year = $3.6. Calculate the required return for this stock. Please share your answer as a percentage rounded to 2 decimal places.
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