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D& and the market have the following annual returns. The risk-free rate is 3.5% and the equity market risk premium is 7.7%. Using CAPM and
D\& and the market have the following annual returns. The risk-free rate is 3.5% and the equity market risk premium is 7.7%. Using CAPM and the data provided, what is P\&G's expected return? Write your answer to two decimal places as a percentage without the percent sign, e.g., write 12.02% as 12.02
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