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Dave's stock has a beta of 1.23, its required return is 10.00%, and the risk-free rate is 2.30%. What is the required rate of return

Dave's stock has a beta of 1.23, its required return is 10.00%, and the risk-free rate is 2.30%. What is the required rate of return on the market? (Hint: First find the market risk premium.) Do not round your intermediate calculations.

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