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detailed explanation with formulas please 3. Using Beta. Investors expect the market rate of return this year to be 14%. A stock with a beta

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detailed explanation with formulas please

3. Using Beta. Investors expect the market rate of return this year to be 14%. A stock with a beta of .8 has an expected rate of return of 12%. If the market return this year turns out to be 10%, what is your best guess as to the rate of return on the stock? (LO12-1)

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