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Beale Manufacturing Company has a beta of 2 . 1 , and Foley Industries has a beta of 0 . 7 . The required return

Beale Manufacturing Company has a beta of 2.1, and Foley Industries has a beta of 0.7. The required return on an index fund that holds the entire stock market is 12.5%. The risk-free rate of interest is 3.75%. By how much does Beale's required return exceed Foley's required return? Do not round intermediate calculations. Round your answer to two decimal places.
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