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Bradford Manufacturing Company has a beta of 2.4, while Farley Industries has a beta of 0.70. The required return on an index fund that holds

Bradford Manufacturing Company has a beta of 2.4, while Farley Industries has a beta of 0.70. The required return on an index fund that holds the entire stock market is 8.0%. The risk-free rate of interest is 6.00%. By how much does Bradford's required return exceed Farley's required return? Round your answer to two decimal places.

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