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Assume that Volo's asset beta is 1 . 1 5 . The market conditions indicate a risk - free rate of 6 percent and a

Assume that Volo's asset beta is 1.15. The market conditions indicate a risk-free rate of 6 percent and a market risk premium of 8 percent. Find the appropriate discount rate. Enter your answer as a percent rounded to 2 decimal places.

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