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An investor is considering making an investment in Stock A, which has a systematic risk factor of 1.24. If the risk-free rate is yielding 2.62%

An investor is considering making an investment in Stock A, which has a systematic risk factor of 1.24. If the risk-free rate is yielding 2.62% and the expected return on the market is 11.2%, then what is the required return for stock A? State your answer as a percentage with two decimal places and not in decimal form itself (i.e. 13.21 not.1321)

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