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Assume that the expected return for Canyon Inc. (CY) is being calculated using the CAPM. CYs beta is -0.81, the risk-free return is 0.023, and

Assume that the expected return for Canyon Inc. (CY) is being calculated using the CAPM. CYs beta is -0.81, the risk-free return is 0.023, and the expected market return is 0.054. What is the expected return for CY?

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