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Calculate the required rate of return for Jupitor Inc.'s stock. The Jupitor's beta is 1.2 , the rate on a T-bill is 4 percent, the
Calculate the required rate of return for Jupitor Inc.'s stock. The Jupitor's beta is 1.2 , the rate on a T-bill is 4 percent, the rate on a long-term T-bond is 5.6 percent, the expected return on the market is 8.5 percent, the market has averaged a 14 percent annual return over the last six years, and Jupitor has averaged a 14.4 return over the last six years. (Do not include the % sign and round to two decimal places, i.e., 18.34)
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