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As an equity analyst you are concerned with what will happen to the required return to Universal Toddler' stock as market conditions change. Suppose r

As an equity analyst you are concerned with what will happen to the required return to Universal Toddler' stock as market conditions change. Suppose rRF = 4%, rM = 12%, and bUT = 1.7.

Under current conditions, what is rUT, the required rate of return on UT Stock? Round your answer to two decimal places. %

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