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Consumer, Inc., has a beta of 1.08. The risk-free rate is 2.78% and the market risk premium is 4.16%. What is the required rate of

Consumer, Inc., has a beta of 1.08. The risk-free rate is 2.78% and the market risk premium is 4.16%. What is the required rate of return on Consumer Inc's stock?

Convert your answer to percentage and round off to two decimal points.

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