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An investor finds that he earned a rate of 17.9 percent on a position he took a year ago in security XYZ. If XYZ has
An investor finds that he earned a rate of 17.9 percent on a position he took a year ago in security XYZ. If XYZ has a beta of 1.36, the market risk premium is 5.5 percent and the risk free return is 2 %, what was the investors excess return expressed in %.
Enter your answer as a % to 2 decimal places, but do not include the % sign.
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