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

Elephant Company's common stock has a beta of 1.5. The risk-free rate is 6 percent and the expected market rate of retum is 12 percent. rate of return on the security a. 7.2% b.9.096 c. 15.09 d. 13.20

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