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Apex Roofing's stock has a beta of 1.50; the market's required return is 11.00%; the risk-free rate is 4.00%. What is the required rate of

Apex Roofing's stock has a beta of 1.50; the market's required return is 11.00%; the risk-free rate is 4.00%. What is the required rate of return on the stock?

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