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(Capital Asset Pricing Model)Breckenridge, Inc., has a beta of 0.91 If the expected market return is 11.0 percent and the risk-free rate is 5.5 percent,

(Capital Asset Pricing Model)Breckenridge, Inc., has a beta of 0.91 If the expected market return is 11.0 percent and the risk-free rate is 5.5 percent, what is the appropriate expected return of Breckenridge (using the CAPM)?

The appropriate expected return of Breckenridge is

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