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Bandwagon stock has a beta of 1.21. The risk-free rate of return is 3.14 percent and the market risk premium is 7.92 percent. What is

Bandwagon stock has a beta of 1.21. The risk-free rate of return is 3.14 percent and the market risk premium is 7.92 percent. What is the expected rate of return on this stock?

Multiple Choice

13.05 percent
12.39 percent
14.13 percent
12.72 percent
14.63 percent

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