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Given the following data for a stock: beta =1.6; risk-free rate =3%; market rate of return =14%; and the actual rate of return on the

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Given the following data for a stock: beta =1.6; risk-free rate =3%; market rate of return =14%; and the actual rate of return on the stock =22%. Then the stock is: above the Security Market Line on the Security Market Line below the Security Market Line it cannot be determined

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