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Consider a stock that has a correlation with the market of 0 . 7 5 and a standard deviation of 2 4 % . According

Consider a stock that has a correlation with the market of 0.75 and a standard deviation of 24%. According to the CAPM, if market has an expected return of 10% and a standard deviation of 20%, and the risk-free rate is 3%, what will be the stocks expected rate of return? Express your answer in decimal format, rounded accurately to 4 decimal places (e.g.,10.67% should be expressed as 0.1067 and nothing else).

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