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Breckenridge, Inc., has a beta of 0.87. If the expected market return is 10.0 percent and the risk-free rate is 6.5 percent, what is the

Breckenridge, Inc., has a beta of

0.87.

If the expected market return is

10.0

percent and the risk-free rate is

6.5

percent, what is the appropriate expected return of Breckenridge (using the CAPM)?

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