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CAPM AND REQUIRED RETURN Beale Manufacturing Company has a beta of 2.4, and Foley Industries has a beta of 0.45. The required return on an

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CAPM AND REQUIRED RETURN Beale Manufacturing Company has a beta of 2.4, and Foley Industries has a beta of 0.45. The required return on an index fund that holds the entire stock market is 8%. The risk-free rate of interest is 5%. By how much does Beale's required return exceed Foley's required return? Round your answer to two decimal places

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