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Beale Manufacturing Company has a beta of 1.1, and Foley Industries has a beta of 0.40. The required return on an index fund that holds

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Beale Manufacturing Company has a beta of 1.1, and Foley Industries has a beta of 0.40. The required return on an index fund that holds the entire stock market is 12%. There free rate of interest is 2.5%. By how much does Beale's required return exceed Foley's required retur? Do not found intermediate calculations. Round your answer to two decimal places

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