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Determine the required rate of return on Tilden Woods Corporation's common stock. The firm's beta is 1.07. The rate on a 10-year Treasury bond is

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Determine the required rate of return on Tilden Woods Corporation's common stock. The firm's beta is 1.07. The rate on a 10-year Treasury bond is 2.36 percent and the market risk premium is 8.31 percent. Round the answer to two decimal places in percentage form

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