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An analyst has modeled the stock of Crisp Trucking using a two - factor APT model. The risk - free rate is 6 % ,

An analyst has modeled the stock of Crisp Trucking using a two-factor APT model. The risk-free rate is 6%, the expected return on the first factor (r1) is 10%, and the expected return on the second factor (r2) is 9%. If bi1=0.7 and bi2=0.9, what is Crisp's required return? Do not round intermediate calculations. Round your answer to one decimal place

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