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( Capital Asset Pricing Model ) CSB , Inc. has a beta of 0 . 7 7 6 . If the expected market return is

(Capital Asset Pricing Model) CSB, Inc. has a beta of 0.776. If the expected market return is 12.5 percent and the risk-free rate is 7.0 percent, what is the appropriate expected return of CSB (using the CAPM)?
The appropriate expected return of CSB is
%.(Round to two decimal places.)
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