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Assume that the market is in equilibrium and that stock betas can be estimated with historical data. The returns on the market, the returns on

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Assume that the market is in equilibrium and that stock betas can be estimated with historical data. The returns on the market, the returns on United Fund (UF), the risk-free rate, and the required return on the United Fund are shown below. Based on this information, what is the required return on the market, rM ? 10.57% 10.57% 11.13% 11.72% 12.33% 12.95%

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