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Consider a stock that generated an average annual return of 12% at a time when the risk-free rate averaged 3%. The stock has a beta

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Consider a stock that generated an average annual return of 12% at a time when the risk-free rate averaged 3%. The stock has a beta of 0.6. What was its Treynor Ratio? Show two decimal places. (Don't forget to convert percentages to decimals when calculating Treynor Ratio)

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