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Assume that the risk-free rate of return (R) is 4% and return on the market portfolio is 9.8 percent. Compute the required rate of return

Assume that the risk-free rate of return (R) is 4% and return on the market portfolio is 9.8 percent. Compute the required rate of return on a security that has a beta of 2.1. Keep two digits after the decimal point and express in percentage. Do not use the percent sign in the answer.

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