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CTRL + TO SEE CLEARLY The current risk-free rate of return, ref, is 3 percent and the market risk premium, RPM, is 4 percent. If

CTRL + TO SEE CLEARLY

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The current risk-free rate of return, ref, is 3 percent and the market risk premium, RPM, is 4 percent. If the beta coefficient associated with a firm's stock is 1.5, what should be the stock's required rate of return? Round your answer to one decimal place. %

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