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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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