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Assume the following information about the market and Lithium Motors Stock. Lithium's beta = 2 . 3 , the risk - free rate is 1

Assume the following information about the market and Lithium Motors Stock. Lithium's beta =2.3, the risk-free rate is 1.99%, the market risk premium is 8.3%. Using the SML, what is the expected return for the firm's stock q,%? Write in percentage return, rounding to two decimal places. E.g., input 12.34 for 12.34%
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