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Asset X has a beta () of 151. The market has an expected return of 9.4%. The risk-free rate is 2.9%. What is Stock X's

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Asset X has a beta () of 151. The market has an expected return of 9.4%. The risk-free rate is 2.9%. What is Stock X's risk premium (how much expected return above the risk-free rate does X give)? Go out three decimal places - for example, write 1.7% as .017

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