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Elephant Company common stock has a beta of 1.5. The risk-free rate is 6 percent and the expected market rate of return is 12 percent.

Elephant Company common stock has a beta of 1.5. The risk-free rate is 6 percent and the expected market rate of return is 12 percent. Determine the required rate of return on the security. a 7.2% b 9.0% c 15.0% d 13.2%

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