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Calculate the required rate of return for Mars Inc.'s stock. The Mars's beta is 2.4 , the rate on a long-term T-bond is 4.7 percent,

Calculate the required rate of return for Mars Inc.'s stock. The Mars's beta is 2.4 , the rate on a long-term T-bond is 4.7 percent, the expected return on the market is 11.5 percent, the market has averaged a 14 percent annual return over the last six years, and Mars has averaged a 14.4 return over the last six years. (Do not include the % sign and round to two decimal places, i.e., 18.35)

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