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Hastings Entertainment has a beta of 0.62. If the market return is expected to be 11.80 percent and the risk-free rate is 3.80 percent, what

Hastings Entertainment has a beta of 0.62. If the market return is expected to be 11.80 percent and the risk-free rate is 3.80 percent, what is Hastings' required return? (Round your answer to 2 decimal places.)

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