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BETA AND REQUIRED RATE OF RETURN A stock has a required return of 16%; the risk-free rate is 4.5%; and the market risk premium is

BETA AND REQUIRED RATE OF RETURN

A stock has a required return of 16%; the risk-free rate is 4.5%; and the market risk premium is 6%.

What is the stock's beta? Round your answer to two decimal places.

New stock's required rate of return will be %. Round your answer to two decimal places.

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