Calculate the required rate of return for Mudd Enterprises assuming that investors expect a $4\mathrm{.}4\%$ rate of inflation in the future. The real risk$-$free rate is

Not Answered nd the market risk premium is $7\mathrm{.}0\%.$ Mudd has a beta of $1\mathrm{.}6,$ and its realized rate of return has averaged $10\mathrm{.}5\%$ over the past $5$ years. Round your

answer to two decimal places.

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