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An analyst gathered the following information for a stock and market parameters: stock beta = 1 . 0 4 ; expected return on the Market

An analyst gathered the following information for a stock and market parameters:
stock beta =1.04;
expected return on the Market =12.99%;
expected return on T-bills =3.89%;
current stock Price = $7.07;
expected stock price in one year = $12.92;
expected dividend payment next year = $1.44.
Calculate the expected return for this stock. Please share your answer as a percentage rounded to 2 decimal places.

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