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eBook Beale Manufacturing Company has a beta of 1.1, and Foley Industries has a beta of 0.30. The required return on an index fund that

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eBook Beale Manufacturing Company has a beta of 1.1, and Foley Industries has a beta of 0.30. The required return on an index fund that holds the entire stock market is 12%. The risk-free rate of interest is 3.5%. By how much does Beale's required retum exceed Foley's required return? Do not round Intermediate calculations. Round your answer to two decimal places

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